Acron: No plans to sell our stake in Grupa Azoty

Russian feltirizer producer Acron is not planning to sell its stake (some 20 percent) in Polish, state-controlled chemicals giant Grupa Azoty. “We have this stake on hold now,” said Acron board chairman Alexander Popov. For years, Acron has tried to acquire a controlling stake, first in Azoty Tarnów, and then later in Grupa Azoty when Tarnów was merged with it in a move to block the Russians from taking over the chemical giant. Earlier this year, Acron sold a small (0.3 percent) stake in Grupa Azoty and was rumored to be in talks with the Polish government to sell the remaining stake.