Before delisting Azomures from the Bucharest bourse, Ameropa proposed paying out 2.22 lei (EUR0.48) per share for each stake held by Azomures’ minority shareholders. Ameropa subsequently paid RON40.8 million for minority shareholders’ stakes.
In March 2012, Ameropa bought a 75.87% stake in Azomures and increased its stake in the company to 96.49% in June. Ameropa paid RON240.8 million for the additional shares.
Azomures reported turnover of RON1.276 billion (EUR287.9 million euro) in the first nine months of 2012, down 1.5% on the year.
Ameropa also owns locally Ameropa Grains Constanta (CCRL.RO) and port operator Chimpex Constanta (CHEM.RO). (EUR1=RON4.5316)