Ameropa May Pay $138 Million for Romanian Azomures, ZF Reports
Ameropa Holding AG, a Swiss privately-held company, may pay more than 100 million euros ($138 million) for a majority stake in Azomures (AZO) SA, Romania’s largest publicly traded fertilizer maker, Ziarul Financiar reported today, citing an analyst’s calculation.
A possible transaction may be closed at a minimum price of 1.4 lei per share, while the maximum price could reach 3 lei per share, Andrei Radulescu an analyst at Avantgarde Finance said, according to Ziarul Financiar.
Azomures said yesterday in a filing to the Bucharest Stock Exchange that its shareholders are in “pretty advanced discussions” with Ameropa to sell their shares in the Romanian fertilizer.
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