The two parties concluded agreements whereby Ameropa takes over an indirect majority stake in Azomures. The transaction is now awaiting the approval of local competition authorities, Azomures said in a memo sent to the Bucharest bourse Monday.
Ameropa Holding recently announced it is in advanced negotiations to take over Eurofert and Azomures Holdings, which hold a cumulated 75.87% stake in Azomures.
In Romania, Ameropa holds 96% in Ameropa Grains Constanta (CCRL.RO), former Comcereal Constanta.
In its turn, Azomures holds a 90.42% stake in harbor operator Chimpex Constanta (CHEM.RO).
The fertilizer maker reported a net profit of RON163.2 million in the first half of the year, compared to RON68.8 million in the same interval of 2010. (EUR1=RON4.362)