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State-controlled gas producer Romgaz SA (Medias, Romania) has completed its acquisition of the production assets of fertilizer maker Azomures SA (Targu Mures, Romania) from Ameropa Group (Basel, Switzerland), according to media statements from Romgaz and Ameropa, as per Chemweek.
The deal, which closed Sept. 1, hands Romgaz the assets underpinning Azomures’ agricultural fertilizer production business and related industrial products, transferred as a single operational economic unit, according to a current report filed by Romgaz with the Bucharest Stock Exchange on Aug. 31 and a statement issued by Ameropa on Sept. 2.
It follows an initial agreement signed by both companies May 29. Financial details of the transaction were not disclosed.
The Azomures site at Targu Mures has two 347,000-metric tons/year ammonia lines, but both have been mothballed since the end of 2025, due to elevated natural gas prices owing to the Russian invasion of Ukraine.
Under the agreement, Romgaz assumes not only the physical production assets at the Azomures site but also the contracts and employees required to run the transferred business, the company said. Romgaz described the move as targeting “the transfer of agricultural fertilizers production business and relating industrial products as an operational economic unit,” with the explicit aim of resuming and continuing production at the plant.
Romgaz, in which the Romanian state holds a majority stake, said the deal represents “an important step towards diversifying its activities and achieving vertical integration, creating the conditions to use natural gas in higher value-added industrial activities and to resume the production activity of the plant,” according to the filing signed by CEO Razvan Popescu, Deputy CEO Aristotel Marius Jude and CFO Gabriela Tranbia.
mrchub.com
