Romania Insider
Europe · 10 mins ago
Romania's Romgaz shareholders approve takeover of fertiliser producer Azomureș assets
07 July 2026 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. According to Romgaz, the transaction consists of a fixed payment of EUR 46.5 million, plus up to RON 49.8 million (EUR 9.5 million) for inventories of raw materials and consumables and up to RON 68.78 million (EUR 13.1 million) to cover operating costs incurred between signing an
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