Romania's Romgaz to resume talks with Swiss Ameropa for potential takeover of fertilisers producer Azomures

Romanian state-controlled Romgaz (BVB: SNG), as a potential buyer, will continue takeover negotiations with Swiss Ameropa, the main shareholder of the country's largest fertilizers producer Azomures, but the negotiations will be held purely on a commercial basis, according to a government press release after prime minister Ilie Bolojan met representatives of Ameropa Grains Romania and Romgaz. Ameropa reportedly expects for Azomures twice as much as Romgaz proposed in a first, non-binding offer.

A key element in the deal is the natural gas supplies, which Romgaz might secure for Azomures, particularly after it starts production at Neptun Deep offshore perimeter in 2027.