
Well, today is the day when Dan Diaconescu (otherwise known as DD) has to come up with the colour of 45 million euros for Oltchim chemical plant, even though the task book gave 2013 as the deadline to pay, he said.
He won the open tender to buy a 54.8 percent stake in the industrial chemicals group last week, offering 45 million euros, or more than ten times the starting price. Most think he'll never do it. Ronnie Smith for Romania Insider writes, "There was no detailed prospectus issued and no proposals, offers, ideas or guarantees...
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