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Regions :: Eastern Europe

Russia's Acron Group Makes Offer to Buy Polish Chemicals Producer Tarnów

May 16, 2012 | Natasha Alperowicz

Acron Group (Velikii Novgorod, Russia), through subsidiary Norica Holding S.a.r.l, has announced a tender offer to buy up to 66% stake in ZakÅ‚ady Azotowe w Tarnowie-MoÅ›cicach (Tarnow, Poland). Acron’s price of zl 36/share ($10.5/share), represents a premium of 18.3% over Azoty Tarnów 6-month average market price and 12.1% over the closing price on 15 May 2012, the company says. Investors may tender their shares between 6 June and 22 June 2012. Acron is one of Europe’s ten largest fertilizer producers, with assets in Russia, China, Estonia and...

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