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Acron Extends Bid for Tarnów; Poland Not Keen to Sell to Acron

5:08 AM MDT | June 29, 2012 | Natasha Alperowicz

Acron Group (Velikii Novgorod, Russia) announced today that it hasextended its offer to acquire a majority share in Poland’s leading chemicals maker ZakÅ‚ady Azotowe w Tarnowie-MoÅ›cicach (Tarnów, Poland) by one week to July 13, 2012. Acron, through subsidiary Norica Holding S.a.r.l, is seeking to buy a 66% share in the Polish company.   “We again extend the subscription period under the announced tender offer for Azoty Tarnów shares,” says Vladimir Kantor, v.p. Acron Group. The company is conducting intensive talks with the...

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