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Business

Russia’s Acron Bids For Polish Competitor

by Marc S. Reisch
May 21, 2012 | APPEARED IN VOLUME 90, ISSUE 21

Russian fertilizer maker Acron Group has offered to pay $452 million for a 66% stake in rival Polish fertilizer maker Azotowe w Tarnowie-Mościcach. The Polish firm also makes nylon 6 and polyacetal resins. The Polish government owns about one-third of Azotowe’s shares, and the remainder is publicly traded on the Warsaw Stock Exchange. Acron says the purchase would give it a base of operations in the European Union and provide Azotowe access to potash and phosphate reserves.

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