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One more suitor for Oltchim

Autor: Andrei Chirileasa

10.04.2011, 23:43 9

Britain's Carlson Ventures International fund has come to own12% in Oltchim Râmnicu-Vâlcea (OLT) chemical plant and is likely toenter the race for the company's privatisation, in which Germany'sPCC group is also interested.

Carlson Ventures last week took over around 9.2% in Oltchimstock, through a Cyprus-based company, Nachbar Services, in thewake of transactions worth 3.3m euros, coming to own 12% in thecompany.

Oltchim shares had surged ahead of last week's purchases,doubling their price in around one month and a half. On Friday,Oltchim shares closed at 0.43 lei, with the company'scapitalisation standing at 35.8m euros.

About Carlson Ventures International there is little informationon the Internet, which is related to two deals sealed in Poland,namely the sale of some stakes in Art NEW media, a companyproviding "art management" services, and in Mennica, a Polishcompany specialising in currency and collectibles issues.

Carlson Ventures International is managed by Britain's CarlsonPrivate Equity, according to Mediafax.

"Since we are not standard private equity house but ratheropportunities fund we are not afraid of significant losses ornegative equity," reads the company's website. Oltchim is aninvestment that matches the profile of such an investor.

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