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Grupa Azoty Polyolefins and Financial Institutions Extend Financing for the Polimery Police Project
Following discussions and negotiations with banks, Grupa Azoty Polyolefins has signed an Amendment to the Stabilization Agreement dated December 15, 2023, related to the financing of the Polimery Police project. This agreement, which extends financing terms until October 31, was signed with 15 financial institutions.
01.10.2024
Grupa Azoty Files Criminal Complaint Over Non-Compete Agreements for Former Management Board Members
Grupa Azoty S.A. has filed a criminal complaint alleging suspected misconduct related to non-compete agreements for former Management Board members, potentially resulting in financial damages exceeding PLN 4 million.
30.09.2024
Grupa Azoty S.A. Files Criminal Complaint Over Non-Compete Agreements for Management Personnel
Grupa Azoty S.A. has filed a criminal complaint regarding suspected misconduct involving non-compete agreements for key management personnel (directors). The complaint alleges intentional misconduct that posed a direct risk of significant financial loss to the company, amounting to nearly PLN 500,000.
24.09.2024
Grupa Azoty Puławy Files Criminal Complaint Over Suspected Misconduct
Grupa Azoty Puławy has filed a complaint with the prosecutor’s office concerning suspected criminal actions involving sponsorship and advertising agreements, as well as donation agreements, which reportedly caused financial damages exceeding PLN 5.2 million. The agreements in question were signed starting in Q4 2022, during a period when Grupa Azoty Puławy began experiencing record losses.
23.09.2024
Grupa Azoty Expands Fertilizer Portfolio and Introduces Solution to Identify Product Origin
Grupa Azoty has expanded its portfolio with a new version of RSM®, a popular urea-ammonium nitrate solution, now enhanced with copper, boron, and molybdenum. Importantly, the light blue color of the new RSM® OPTIMA will help farmers easily identify the product’s country of origin, as Grupa Azoty will be the only producer offering RSM® in this color. This measure addresses the challenge of fertilizer imports, which are often of questionable quality; for example, the practice of diluting fertilizer with water results in products that fail to maintain the specified concentration.
16.09.2024
Grupa Azoty Signs Letter of Intent with Orlen
Grupa Azoty S.A., on behalf of itself, Grupa Azoty Puławy, and Grupa Azoty Police, has signed a Letter of Intent with Orlen. This document initiates a strategic analysis of potential transactions in the polymers segment, with a particular focus on Grupa Azoty Polyolefins. The analysis will also cover caprolactam and polyamide 6 production and sales, as well as the seaport in Gdańsk owned by Grupa Azoty Fosfory. This Letter of Intent is part of Grupa Azoty’s ongoing Strategic Business Review project. Importantly, the Letter of Intent does not cover the fertilizer sector, which remains Grupa Azoty's core business.
12.09.2024
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