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Swiss Ameropa Signs Agreement to Buy Majority Stake in Azomures

Nov. 28 (Bloomberg) -- Ameropa Holding AG, a privately held Swiss company, signed on Nov. 25 “several agreements” to buy a majority stake in Azomures SA, Romania’s largest publicly traded fertilizer maker, according to a filling to the Bucharest Stock Exchange.

The transaction is pending the approval of Romania’s competition regulator, Azomures said in the statement, without giving more details about the deal.

Ziarul Financiar reported on Nov. 1 that Ameropa may pay more than 100 million euros ($133 million) for the majority stake in Azomures, citing an analyst’s calculation.

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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