Romania's Romgaz takes over fertilisers producer Azomureş for some EUR 69 mln
Romania’s state-controlled natural gas group Romgaz (BVB: SNG) announced that it signed on May 28 the contract to take over from Swiss Ameropa the productive assets of the country’s largest and sole functional fertilisers producer,…
iulian ernst · Journalist
· Updated · 2 min read
Romania’s state-controlled natural gas group Romgaz (BVB: SNG) announced that it signed on May 28 the contract to take over from Swiss Ameropa the productive assets of the country’s largest and sole functional fertilisers producer, Azomureş, for EUR 46.5 million plus corrections that may bring the final price to EUR 69 million.
The price, which has been negotiated for months, is inferior to the EUR 200 mln reportedly requested by Ameropa and even lower than the EUR 100 million that the buyer offered initially, according to unconfirmed reports.
