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Regions :: Eastern Europe :: Poland

Reports: Grupa Azoty mulling fertilizer acquisitions

9:08 AM MDT | October 24, 2013 | Francinia Protti-Alvarez

Grupa Azoty (Tarnów, Poland) is interested in buying Anwil's (WĹ‚ocĹ‚awek, Poland) fertilizer assets, according to local financial paper Puls Biznesu. Talks are being held between Azoty and PKN Orlen (PĹ‚ock, Poland), Anwil's parent, the reports say. The move would protect Azoty from takeover by Akron (Novgorod, Russia), which currently has a 15.34% stake in Azoty, other media reports say. “We treat fertilizers as a noncore activity. [...] Any form of cooperation with anyone interested is possible,” says SĹ‚awomir JÄ™drzejczyk, CFO of PKN...

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