Grupa Kapitałowa Grupa Azoty
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On July 31, 2025, the Cooperation and Stabilization Agreement between Grupa Azoty and the Key Stakeholders of the Polimery Police project, originally signed on December 19, 2024 (along with subsequent annexes), expired. At the same time, the agreement dated January 16, 2025 (with annexes) between Grupa Azoty, its subsidiaries Grupa Azoty Police and Grupa Azoty Polyolefins, and Orlen, regarding the continuation of cooperation to define the terms and conditions of a potential transaction involving the acquisition of all or part of the shares in GA Polyolefins or another form of investment, also expired.
Simultaneously, on August 1, 2025, a Memorandum of Understanding (MoU) was signed between Grupa Azoty, Grupa Azoty Police, Grupa Azoty Polyolefins, and ORLEN, with effect retroactive to July 31, 2025.
‘As previously announced, we have now defined a framework for cooperation on a potential transaction involving selected logistics assets owned by GA Polyolefins and the Port Authority of the Police Seaport,’ commented Andrzej Skolmowski, President of the Management Board of Grupa Azoty. ‘Signing the Memorandum marks another significant step in our search for solutions aimed at stabilizing the financial standing of Grupa Azoty Polyolefins and optimizing the asset structure of the capital group.’
The signed MoU outlines a transparent and open process for the sale of specified assets, in which Orlen will be invited to participate as one of the potential buyers. The parties have committed to cooperate under the terms specified in the document until December 31, 2025.
The Memorandum does not impose any obligation on any party to conclude a transaction or to submit a binding offer. Any potential transaction contemplated under the MoU will require the necessary approvals from the financial institutions supporting GA Polyolefins, relevant administrative authorities, the release of collateral on the assets in question, and the appropriate corporate approvals.