The Rafo Onesti industrial
platform, which includes one of Romania’s largest oil refineries, was put up
for sale for a price of USD 59.5 million plus VAT, according to local
Profit.ro
.
The refinery was closed in
2008 to undergo a modernization program but hasn’t been reopened since.
In 2016, the company that
operates the refinery went into insolvency. It has some RON 330 million (EUR 71
million) debts, mostly to its majority shareholder, Petrochemical Holding, a
group registered in Austria and owned by Russian investor Iakov Goldovski.
The platform’s buyer should
maintain the refinery’s activity for at least five years and prevent it from
being dismantled.
(romania-insider.com)