Acron Extends Bid for Shares in Poland’s Azoty Tarnow by Week

OAO Acron extended its offer to buy shares in Azoty Tarnow, Poland’s largest chemicals maker, by one week to July 13.

The Russian fertilizer maker is seeking to buy as much as 66 percent of the voting shares in the Polish company for 36 zloty apiece, Acron said today in an e-mailed statement.

Acron is “continuing active talks with shareholders of the company and has full interest in the project,” Vladimir Kantor, a vice president, said in the statement.

The company “is ready” to discuss “any issues with investors, including the bid price,” Parkiet reported today, citing Russian billionaire Viatcheslav Kantor, who controls the Acron.

To contact the reporters on this story: Marta Waldoch in Warsaw at mwaldoch@bloomberg.net; Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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