Grupa Azoty and VSB Holding GmbH have agreed on a revised Term Sheet outlining the path to acquisition of the entire share capital of Solarfarm Brzezinka (the “Term Sheet”).
Subject to approval from the upcoming General Meeting, Grupa Azoty S.A. plans to sign, by mid-December, a preliminary conditional agreement for purchase of all shares in Solarfarm Brzezinka, which, once launched, will be the largest solar PV power plant operating in Poland. In the next step, Grupa Azoty S.A. or a designated company of its group would complete the acquisition of Solarfarm shares by the end of the third quarter of 2024 under a share purchase agreement.
