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Grupa Azoty S.A. and VSB Holding GmbH have updated the revised term sheet outlining the path to acquisition of the entire share capital of Solarfarm Brzezinka
Grupa Azoty S.A. and VSB Holding GmbH have agreed on an updated revised term sheet (the “Term Sheet”) outlining the path to acquisition of the entire share capital of Solarfarm Brzezinka. As per the updated Term Sheet, subject to adherence to the schedule provided in the Term Sheet and fulfilment of negotiation conditions, Grupa Azoty S.A. will maintain exclusivity until March 31st 2024, for the execution of a preliminary conditional sale agreement regarding the prospective acquisition of 100% of shares in Solarfarm’s share capital.
15.12.2023
Increased production volumes reported for nitrogen fertilizers and OXO alcohols
The Grupa Azoty Group has released its production volume estimates for November 2023, showing an increase in the Group companies’ product output in nitrogen fertilizers and OXO alcohols. According to estimates, Group companies produced 282,000 tonnes of nitrogen fertilizers in November (up from 245,000 tonnes in October). The estimated volume for OXO products is 13,000 tonnes vs. 3,000 tonnes in October.
13.12.2023
Changes on Grupa Azoty Polyolefins Management Board
On November 24th 2023 , Andrzej Niewiński resigned from his role as a member and President of the Management Board of Grupa Azoty Polyolefins S.A.Mr Niewiński has been involved with the Company since 2016, holding the position of President of its Management Board. Personal reasons were cited as the reason for the resignation.
24.11.2023
Grupa Azoty’s envifill® products with international certificates confirming biodegradability and compostability
Grupa Azoty S.A. has obtained certificates indicating the compliance of the envifill® granules line with the EN-13432 standard, thus confirming their biodegradability and compostability. The OK compost Industrial certificate verifies that products made from the Group's granules can undergo composting in industrial composting facilities. On the other hand, the OK compost HOME certificate serves as a guarantee that products made from these granules are completely biodegradable in backyard composters.
22.11.2023
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
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