27 October 2008 13:28 [Source: ICIS news]
PRAGUE (ICIS news)--Czech agrochemicals company Agrofert hopes to build up its biofuel operations through a proposed merger with a subsidiary of Czech agricultural commodities holding Agropol Group, it said on Monday.
Agrofert said the combined companies would create one of the largest agrochemical, fertiliser, agricultural commodity and biofuels businesses in ?xml:namespace>
UOHS chairman Martin Pecina said he could not see any fundamental obstacles to an Agrofert-Agropol merger.
In a statement on the Agrofert bid, Agropol owner Jiri Malus said Agrofert was one of three strategic partners under consideration, with a decision on the preferred partner due on 17 November.
Primagra's biofuel operations so far centre on its koruna (Kc) 100m (€4.05m/$5.09m) rapeseed oil methyl ester (
Agrofert’s subsidiary Preol is creating a biodiesel production unit and rapeseed processing centre at
($1 = Kc19.65/€1 = 24.69)
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