Agrofert offered EUR 810m to Austrian chemical company Borealis for fertiliser unit

Published: 06.06.2022 Related countries:  New Zealand New Zealand, Australia Australia

The Czech group produces nitrogen fertilizers in the Czech Republic, Slovakia and Germany, among other countries

AGROFERT has made a binding offer to Austria's Borealis to buy its nitrogen production assets, including fertilizers, melamine and technical nitrogen products. The Czech group produces nitrogen fertilizers in the Czech Republic, Slovakia and Germany, among other countries. Agrofert valued the acquisition at EUR 810m. The addition of the Austrian chemical company's production assets in Austria, Germany and France, including its sales and distribution network, would complement its existing portfolio and expand its ability to provide services across Europe. Borealis said it would initiate mandatory disclosure procedures. The transaction is expected to be closed in H2 2022, subject to regulatory approvals.
 
Source: Daily news | ČIA news
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