Ameropa Holding could buy Romania’s largest fertilizers producer Azomures Targu Mures
Swiss group Ameropa Holding could buy Eurofert and Azomures Holding, the two companies that hold 75.9 percent share in the Romanian Azomures Targu Mures (symbol AZO), Romania’s largest fertilizers producer.
“Azomures became aware of the fact that shareholders of Eurofert and Azomures Holdings are currently engaged in negotiations with Ameropa Group, negotiations that are in a relatively advanced stage, and that could be or not completed through the takeover of the Eurofert and Azomures holding companies by Ameropa Group,” shows the report submitted by Azomures at the Bucharest Stock Exchange (BVB).
Eurofert and Azomures Holding are currently owned by a Turkish group of investors. Ameropa Group, a privately owned international grain and fertilizer trader, took a few years ago the Romanian Comcereal Constanta.
Azomures is one of the largest companies on the stock exchange, with a turnover of EUR 285 million in 2010, and a net profit of EUR 36 million. The company’s value on the stock exchange went up by about 35 percent after the announcement that the Swiss Ameropa Holding might take over the Romanian fertilizers producer.
Find more about Azomures on BVB here.
Irina Popescu, firstname.lastname@example.org
(photo source: Sxc.hu)