Bucharest Stocks Open Higher, Oltchim Shares Surge On Sale Strategy Announcement

08.23.2012 By Manuela Panescu

The Bucharest-listed stocks opened higher Thursday, with the shares of chemical producer Oltchim Ramnicu Valcea (OLT.RO) gaining almost 15% after Remus Vulpescu, head of the privatization office (OPSPI) said it plans to give up converting into shares the plant’s debt to the Privatization Authority.

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