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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Acron Settles for Minority Stake in Poland’s Azoty Tarnów

8:12 AM MDT | July 20, 2012 | —Natasha Alperowicz

Acron (Velikiy Novgorod, Russia) has failed in an attempt to become the majority shareholder in Azoty Tarnów (Tarnów, Poland), the leading chemicals producer in Poland. This failure follows Tarnów’s management’s rejection of the proposed deal and a move by the Polish Treasury to merge Tarnów with its competitor Zakłady Azotowe Puławy (Puławy, Poland) in an effort to block Acron’s bid. The Treasury controls Tarnów as well as Puławy. Acron, which increased its offer for Tarnów and twice extended the...

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