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Grupa Kapitałowa Grupa Azoty
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Grupa Azoty has signed an annex to the Memorandum of Understanding (MoU) concluded on August 1, 2025, between Grupa Azoty, Grupa Azoty Police, Grupa Azoty Polyolefins, and Orlen. The annex broadens the scope of cooperation to include an analysis of the potential sale of all or part of Grupa Azoty Polyolefins shares by Grupa Azoty and Grupa Azoty Police.
‘We have expanded the framework of cooperation to include a possible transaction involving the sale of Grupa Azoty Polyolefins shares, which opens up additional opportunities for all parties to the Memorandum. For Grupa Azoty, this represents a chance to stabilize the financial situation of Grupa Azoty Polyolefins and complete the Polimery Police Project,’ said Andrzej Skolmowski, President of the Management Board of Grupa Azoty.
The Memorandum of Understanding signed on August 1, 2025, between Grupa Azoty, Grupa Azoty Police, Grupa Azoty Polyolefins, and Orlen set out the framework for cooperation regarding a potential sale of selected logistics assets owned by GA Polyolefins and the Port of Police Authority. The document envisioned a transparent and open sales process for these assets, in which Orlen would be invited as one of the potential buyers. The signed annex extends the scope of cooperation to include an analysis of the possible sale of all or part of GA Polyolefins shares by Grupa Azoty and GA Police. Under the annex, Orlen, Grupa Azoty, and GA Police will resume talks — previously concluded in July 2025 — on a potential transaction.
The Memorandum of Understanding does not impose any obligation on the parties to conclude a transaction or submit a binding offer. Any potential transaction under the MoU will require obtaining approvals from GA Polyolefins’ financing institutions, other shareholders of GA Polyolefins, administrative authorities, the release of security interests established over the relevant assets, and the necessary corporate approvals.
The annex does not change the term of the Memorandum of Understanding, under which the parties have committed to cooperate on the agreed terms until December 31, 2025.