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After negotiations that began in early July, the Management Board of Grupa Azoty Puławy has signed an agreement with workplace trade unions to suspend selected cost-intensive provisions of the Collective Labor Agreement (ZUZP). Similar agreements were concluded earlier this year with Grupa Azoty S.A., Grupa Azoty Police, and Grupa Azoty Kędzierzyn in late August. As a result, cost-intensive provisions of the ZUZP have now been suspended in the four key companies of the Grupa Azoty Capital Group, in line with the corrective measures outlined by the Management Board of Grupa Azoty.
Grupa Azoty Police has filed a criminal complaint with the Szczecin Regional Prosecutor’s Office concerning the circumstances surrounding its 2018 decision to withdraw from an investment in Senegal. The complaint alleges potential misconduct involving the unjustified and inappropriate transfer of registered shares in African Investment Group SA, valued at 6.6 million FCFA, to DGG Eco sp. z o.o. in 2018. In return, Grupa Azoty Police did not receive the agreed payment of PLN 180 million specified in the agreement with DGG Eco sp. z o.o., resulting in damages estimated at no less than PLN 180 million.
The Management Board of Grupa Azoty has adopted a resolution to integrate companies within its Capital Group that provide business support services, including investment preparation and maintenance. Work is currently underway to finalize the integration schedule and the target organizational model. By the end of November, a dedicated project team will develop an organizational and ownership structure designed to deliver the anticipated business and financial benefits of the integration. This initiative is a key element of the restructuring process aimed at achieving significant cost optimizations.
Under a newly signed Letter of Intent, Grupa Azoty and the Łukasiewicz Research Network have outlined three main areas of collaboration: energy transformation, circular economy, and industrial decarbonization. The parties will engage in discussions to finalize a cooperation agreement.
Grupa Azoty S.A., on behalf of itself and selected companies within the Grupa Azoty Capital Group, has signed an Amendment to the Agreement dated February 2, 2024, with subsequent modifications. The duration of the Agreement has been extended until November 29, 2024.
Grupa Azoty S.A. has signed, on behalf of itself and selected subsidiaries of the Grupa Azoty Capital Group, an annex to the Agreement dated February 2, 2024, as amended. The Agreement’s validity period has been extended until 29 November 2024.