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Analiza ZF · Economic

Ameropa Holding Inks Agreements To Buy Romanian Azomures

Swiss fertilizer and grains trader Ameropa Holding concluded “a series of agreements” with the Turkish investors owning Azomures (AZO.RO), to buy the Romanian fertilizer maker.

de Andrei Cîrchelan , Translator RO-EN 28.11.2011 · 12:13 1 min de citit

The two parties concluded agreements whereby Ameropa takes over an indirect majority stake in Azomures. The transaction is now awaiting the approval of local competition authorities, Azomures said in a memo sent to the Bucharest bourse Monday.

Ameropa Holding recently announced it is in advanced negotiations to take over Eurofert and Azomures Holdings, which hold a cumulated 75.87% stake in Azomures.

In Romania, Ameropa holds 96% in Ameropa Grains Constanta (CCRL.RO), former Comcereal Constanta.

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