Croatian petrochemical producer Dioki has submitted a bid to buy the Ravenna and Porto Torres sites of Eni-owned Vinyls Italia, a Dioki spokeswoman said Wednesday. The Zagreb-based company submitted a bid before the October 22 deadline to buy the facilities, the spokeswoman said, without adding further details. According to Italian daily La Nuova Sardegna, two other bids have been presented to the Italian development ministry, which is handling the sale. No ministry spokesman was available to confirm the details.
Vinyls Italia, which formerly belonged to UK-based Ineos, went into receivership in May last year, forcing the closure of production facilities for polyvinyl chloride and other related products in Ravenna, Porto Maghera and Porto Torres, all in Italy. The government's industrial development ministry has since tried to sell the three sites through international tenders.
The other two bidders are reported by the newspaper to be a Swiss-based fund, which it did not name, and an Italian-led consortium, led by polyolefins distributor Industrie Generali. An official at the Samarate, Italy-based company declined to comment on the report. A previous attempt to sell the assets fell through in May this year when Qatari engineering company Ramco Trading and Contracting pulled out of the negotiations. La Nuova Sardegna said Ramco had been linked with the Swiss consortium that submitted a bid, but the company could not be reached for comment.
As part of the tender and in order to help push through the sale, Vinyls Italia's parent company Eni said it would supply vital raw materials and cede necessary assets to ensure a restart of the plants.
News source: Balkans.com link: article
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