Locked content Acron might sell Azoty stake ‘for a good price’

Russian chemical firm Acron might consider selling its almost stake in the Polish state-controlled, WSE-listed chemical group Azoty if it was presented with a “good enough” offer, head of Acron’s supervisory board Aleksander Popov said, as quoted by the press agency Tass, adding that the compa...

Locked content Azoty with stiff competition for Petrokemija stake

WSE-listed chemicals giant Grupa Azoty has 10 competitors in the running for the stake of Croatian fertilizer producer Petrokemija, according to local media. Competitors include Austrian Borealis, Croatian Prvo Plinarsko Drustvo, Ina, Janaf HEP, three pension funds PBZ, Raiffeisen and Erste, EBRD an...

Locked content Poland could buy back Acron’s stake in Azoty – deputy CEO

WSE-listed, state-owned chemicals firm Grupa Azoty believes that the state-run investment vehicle PFR might buy back the stake in Azoty owned by Russian Acron. “If there is such an opportunity, and we have to think about it in terms of seizing an opportunity, it could be considered,” Grupa Azoty Dep...

Locked content Grupa Azoty submits offer to takeover Croatian Petrokemija

WSE-listed, state-owned chemicals firm Grupa Azoty filed a non-binding offer to acquire a controlling stake in Croatian fertilizer producer Petrokemija. “We are currently waiting for the answer from the Croatian side,” Azoty deputy CEO Witold Szczypiński said. Petrokemija was interested in finding a...

Locked content Grupa Azoty Q2 profit grows

WSE-listed chemical giant Grupa Azoty had a PLN 104.62 million net profit in Q2, compared to PLN 43.92 million profit a year earlier. Revenues amounted to PLN 2.18 billion, slightly up from PLN 2.15 billion last year. “The next quarter of reshuffle in the global plastics market, particularly the leg...

Locked content EBRD sells 2.9% stake in Azoty

The European Bank for Reconstruction and Development (EBRD) sold 2.85 million shares of chemicals Grupa Azoty, representing 2.9 percent stake in accelerated bookbuilding, the EBRD said in a press statement. After the sale, the lender will have 2.9 percent shares in Grupa Azoty. “The bank, as an acti...

Locked content PGNiG extends PLN 7 bln gas deal with Grupa Azoty

State-owned, WSE-listed companies PGNiG and Grupa Azoty extended the gas delivery deal, potentially worth PLN 7 billion. The new contract will run till 2020, with the possibility to extend it by another 2 years. The gas delivered to Azoty’s unit in Puławy is estimated to be worth PLN 3.2 billi...

Locked content Grupa Azoty profit down

Polish chemical giant, Grupa Azoty recorded net profits of PLN 225.7 million in Q1, whereas in the corresponding period last year, the results totaled PLN 272.37 million. Consolidated sales revenue reached PLN 2.68 billion, compared with PLN 2.47 billion one year ago. The company’s operating p...

Locked content Tauron and Azoty plan coal gasification project worth €400-600 mln

State owned chemical group Azoty and power utility Tauron plan to develop a coal gasification project worth €400-600 million by 2019-20, companies said in a market filing. “The estimated value of the project will depend on the technology picked,” the companies said announcing that they signed a lett...

Locked content Azoty with PLN 375.2 mln preliminary net profit

WSE-listed chemicals group Azoty had PLN 375.2 million net profit and PLN 1 billion EBITDA, according to the company’s preliminary financial results. Revenues stood at PLN 8.96 billion. For Q4, Azoty had PLN 29.4 million profit and PLN 2.32 billion in revenues. The estimates are in line with consens...