Grupa Azoty to get over PLN 2 bln in loans to finance its investments
21:27
Polish state-controlled chemical giant Grupa Azoty seeks over PLN 2 billion to finance its investments program, company's CEO Paweł Jarczewski said in Polish parliament.
“We are optimists; there is great interest in participating in the development projects of the group,” Jarczewski said, assuring at the same time that the company has “very good financial standing.”
Azoty plans top spend PLN 7 billion on development projects by 2020 and also plans acquisitions and currently has 10 European companies on its target list. “If we manage to acquire three firms from that group, we would meet our goals,” Jarczewski said.
