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People & Business :: M&A
EBRD acquires stake in Poland's Grupa Azoty
9:29 AM MDT | April 19, 2013 | Natasha Alperowicz
The European Bank for Reconstruction and Development (EBRD; London) has acquired a 5.75% stake in Grupa Azoty (Tarnów, Poland), the country’s largest producer of fertilizers and chemicals, for 296.4 million zlotych ($94.3 million). The investment follows the Polish government’s decision to continue with the privatization of the company and reduce its own stake. The transaction builds on the bank’s track record in manufacturing and services sectors in Poland, especially in chemicals, the EBRD says. The EBRD’s investment was...
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