Romania’s Romgaz agrees on takeover terms with fertilizers producer Azomures

Romania’s natural gas group Romgaz (BVB: SNN), in a note to investors, announced it reached an agreement over the terms of the deal, including the price, by which it plans to take over fertiliser producer Azomures. The deal, expected to be completed within 3-4 months, turns the Romgaz group into a major natural gas consumer at a time it expects to begin production from the Neptun Deep offshore perimeter operated with OMV Petrom.

Azomureș is currently owned by the Swiss group Ameropa.