Romania's Romgaz shareholders approve takeover of fertiliser producer Azomureș assets
Shareholders of Romania's state-controlled natural gas producer Romgaz (BVB: SNG) approved the acquisition of the production assets of fertiliser producer Azomureș for up to EUR 69 million, clearing the final major hurdle for the…
iulian ernst · Journalist
· Updated · 2 min read
Shareholders of Romania's state-controlled natural gas producer Romgaz (BVB: SNG) approved the acquisition of the production assets of fertiliser producer Azomureș for up to EUR 69 million, clearing the final major hurdle for the transaction.
The General Meeting of Shareholders approved the deal with 3.14 billion votes in favour, representing 81.45% of total voting rights and 90.18% of the valid votes cast, after Romgaz's Board of Directors had already authorised the signing of the purchase agreement.
