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Grupa Azoty receives an offer from Orlen to acquire shares in GA Polyolefins
16.10.2025
Grupa Azoty receives an offer from Orlen to acquire shares in GA Polyolefins

On October 15, 2025, Grupa Azoty received a non-binding offer from Orlen to acquire shares in Grupa Azoty Polyolefins S.A. The offer provides for the purchase of all shares in the company, including its assets, free of any encumbrances, on a cash-free, debt-free basis.

The total value of the offer amounts to 1.022 billion, which includes the provision by Orlen of financing necessary to restructure all outstanding liabilities and claims, as well as the purchase of all shares held by the remaining shareholders of GA Polyolefins.

‘We are thoroughly reviewing the terms of Orlen’s offer for the potential acquisition of shares in Grupa Azoty Polyolefins. After completing the necessary analyses and consultations, we will decide on the next steps and inform the capital market accordingly,’ commented Andrzej Skolmowski, President of the Management Board of Grupa Azoty.

The submitted offer is subject to several conditions precedent, including:

  • completion by GA Polyolefins of a restructuring process aimed at settling all liabilities and claims in line with the reductions arising from that process and the final settlement of the EPC contract for the Polimery Police Project;
  • agreement on the terms of the share purchase agreement between Orlen and all shareholders of GA Polyolefins;
  • a satisfactory outcome of the due diligence process;
  • obtaining the necessary corporate and administrative approvals required to complete the transaction.

On September 24, 2025, Grupa Azoty announced the signing of an addendum to the Memorandum of Understanding (originally concluded on August 1, 2025) between Grupa Azoty, Grupa Azoty Police, Grupa Azoty Polyolefins, and Orlen. The addendum expanded the parties’ cooperation to include the analysis of a potential sale of all or part of Grupa Azoty Polyolefins shares held by Grupa Azoty and Grupa Azoty Police.

The current shareholding structure of GA Polyolefins is as follows:

  • Grupa Azoty Police – 34.4%
  • Grupa Azoty – 30.5%
  • Orlen – 17.3%
  • Hyundai Engineering Co. – 16.6%
  • Korea Overseas Infrastructure and Urban Development Support Corporation – 1.1%
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