Romania's Romgaz may place binding bid for Azomureș by year-end, pending final due diligence results
State-controlled gas producer Romgaz (BVB: SNG) may officially submit a binding offer to acquire fertiliser plant Azomureș by the end of the year, provided the final stages of its due diligence process confirm the financial, legal, and…
iulian ernst · Journalist
· Updated · 2 min read
State-controlled gas producer Romgaz (BVB: SNG) may officially submit a binding offer to acquire fertiliser plant Azomureș by the end of the year, provided the final stages of its due diligence process confirm the financial, legal, and operational feasibility of the transaction. The update was provided by Gabriela Mareș, Romgaz's Director of International Relations and European Funds, during the Q3/2025 results teleconference, Ziarul Financiar reported.
Romgaz is currently running two parallel due diligence tracks: technical, economic, and environmental due diligence, conducted by one consultant; and legal due diligence, carried out by a second consultant.
