Chimcomplex | Romania Feed

Chimcomplex (CRC.RO), the largest chemical plant in Romania, informed investors in a report to the Bucharest Stock Exchange on Tuesday that its chief executive officer Stefan Vuza stepped down as of October 31.

Chimcomplex, the largest local manufacturer of chemicals, has purchased a package of 2. 138 shares, representing 94.4% of the share capital of Sistemplast S.A. Râmnicu Vâlcea.  The company, located on the Oltchim platform is specialized in providing integrated solutions for mechanics, design, construction, verification, and monitoring of industrial works.  The total purchase value is of […]

Chemical producer Chimcomplex on Thursday said it would increase the salaries of its employees starting with June 2022.

A multi-disciplinary team made of experts from Deloitte Romania’s Financial Advisory practice and from Reff & Associates | Deloitte Legal provided assistance to Chimcomplex in obtaining the EUR 90 million funding for refinancing existing loans and for investment. The chemicals producer borrowed EUR 26.7 million from CEC Bank and EUR 30 million from Alpha Bank […]

A multi-disciplinary team made of experts from Deloitte Romania’s Financial Advisory practice and from Reff & Associates | Deloitte Legal provided assistance to Chimcomplex in obtaining the EUR 90 million funding for refinancing existing loans and for investment. The chemicals producer borrowed EUR 26.7 million from CEC Bank and EUR 30 million from Alpha Bank on September 30, 2021, which the company will use for fully refinancing existing loans from VTB and Credit Suisse/Argentum Netherlands BV, for the takeover of Oltchim assets, and for continuing development projects. The EUR 56.7 million amount will be supplemented by a EUR 33.3 million loan from CEC Bank, which will be contracted in October 2021, totalling EUR 90 million.

Chimcomplex SA Borzești concluded on September 30, 2021, financing contracts of 56.7 million EURO, which include 26.7 million EURO from CEC Bank and 30 million EURO from Alpha Bank. They will be used for the full refinancing of the existing loans from VTB and Credit Suisse/Argentum Netherlands BV and for the continuation of development projects. […]