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.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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