# Chimcomplex acquires Oltchim assets for EUR 127 million

Chimcomplex S.A. Borzesti paid EUR 127 million to acquire 60% of Oltchim SA, including assets such as Chlorosodium, Oxo-alcohols, and Polyols. The transaction was completed on December 10, 2018, with 1,164 employees transferring to Chimcomplex.

- Type: Acquisition
- Announced: 2018-12-10
- Where: Romania
- Value: $144.0M (127.0M EUR)
- Jobs: -400
- Status: completed
- Products: chlorosodium, oxo-alcohols, polyols, VCM/PVC
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Chimcomplex S.A. Borzesti](https://endata.com/companies/35999.md) (acquirer)
- [Oltchim SA](https://endata.com/companies/36000.md) (target)

## Sources

- [business-review.eu](https://business-review.eu/business/oltchim-receives-eur-127-mln-payment-from-chimcomplex-transfers-its-assets-to-new-owner-192991), 2018-12-10: "It's an unprecedented success."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.