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Acron Group announces tender offer for shares in Azoty Tarnow

May 18/2012
(acron) -- Through subsidiary Norica Holding, Acron Group has announced a tender offer for purchase shares in WSE-listed Zaklady Azotowe  totaling up to 66% of total votes on general shareholders meeting.

The offered price is PLN 36 per share, representing a premium of 18.3% over Azoty Tarnow 6-month average market price and 12.1% over the closing price on 15 May 2012. Investors may tender their shares between 6 June and 22 June 2012.

Acron Group is one of Europe?s ten largest mineral fertiliser manufacturers, with assets in Russia, China, Estonia and Canada. It is listed on the London Stock Exchange and Moscow?s MICEX-RTS.

Acron Group is a leading global mineral fertiliser producer with a diversified product portfolio including 40 chemical products sold in 60 markets around the world. Acron Group owns substantial potash and phosphate reserves and has a significant ammonia production capacity (1.7 million tonnes annually), a key component in mineral fertiliser manufacture.
Author:Anna Larionova
Category:General News
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