Grupa Azoty S.A. (Tarnów)
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Grupa Azoty S.A. to commence discussions with Orlen S.A. to cease actions related to potential acquisition of Grupa Azoty Zakłady Azotowe Puławy S.A. by Orlen S.A.
The resolution to initiate discussions with Orlen S.A. to cease actions related to the potential acquisition of Grupa Azoty Zakłady Azotowe Puławy S.A. was passed today and came into force upon adoption. The resolution followed a comprehensive analysis conducted by a reputable consultancy, which formed the basis for the Management Board of Grupa Azoty S.A. to deem the potential sale of Grupa Azoty Zakłady Azotowe Puławy S.A. as unjustified.
21.11.2023
Grupa Azoty Group reports higher demand in the Agro segment in Q3 2023
The third-quarter financial results of the Grupa Azoty Group are in line with estimates presented on October 26th. The Group generated consolidated revenue of PLN 3,075 million, EBITDA of PLN -348 million, and EBITDA margin of -11.3%.
08.11.2023
Top Brand 2023 – Grupa Azoty secures top spot as the strongest chemical brand
Top Brand 2023 is the most comprehensive ranking showcasing the quality of brand image and media popularity of companies on the Polish market. The sixteenth edition of the Best Image Brands Report evaluated 500 brands spanning 50 different industries. The company recognised as Top Brand 2023 within the chemical sector was Grupa Azoty.
07.11.2023
Grupa Azoty Group’s estimated financial results for Q3 2023
The three months ended September 30th 2023 saw improved demand, notably in the Agro Segment and, to a degree, in the Chemicals Segment, especially relative to the prior quarter. This led to an increase in production volumes and a decrease in fertilizer inventories. However, most Grupa Azoty products were offered at prices that were lower than those from the previous year by an average of 52%. The Group estimates to have generated consolidated revenue of PLN 3,075m, EBITDA of PLN -348m, and an EBITDA margin of -11.3%.
26.10.2023
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.
19.10.2023
Innovative collaboration: Polska Grupa Zbrojeniowa and Grupa Azoty
Polska Grupa Zbrojeniowa, a leading producer of advanced solutions for the armed forces, and Grupa Azoty, a prominent player in the European fertilizer and chemical industry, have signed an agreement set to open new horizons in technological advancement and manufacturing.
12.10.2023
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