Azomures to be delisted from Romanian stock exchange

22 August 2012 11:34  [Source: ICIS news]

BUCHAREST (ICIS)--Shares in Romanias largest fertilizer producer Azomures are to be delisted from the Bucharest Stock Exchange (BSE), the company said on Wednesday.

“We got all the necessary approvals from the BSE and will start to delist the company in the next few days,” an Azomures spokesperson told ICIS news.

Swiss grain and fertilizer trader Ameropa Holding now owns 96.43% of the fertilizer producer, which according to Romanian legislation makes the company an entirely privately held business.

In March, Ameropa Holding, through its subsidiary Pelican Fertilizers, acquired 75.89% of shares in Azomures from a Turkish group of investors.  Three months later, it acquired another 20.54%, for around €53.7m ($67.1m).

Azomures has ammonium nitrate (AN) and calcium ammonium nitrate (CAN) units, both of which produce about 300,000 tonnes/year.

It also produces urea, complex nitrogen phosphorous potassium (NPK) fertilizers and melamine.

$1 = €0.80

By: Marian Chiriac
+44 20 8652 3214

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