Amonil may counter the tax authority’s court action within ten days and a court date has not yet been set.
According to the Romanian tax authority, by March 31, 2014, Amonil amassed tax debts totaling RON5.49 million, of which RON5.19 million in interests and penalties.
Amonil shares slumped 14.08% Friday morning in Bucharest.
In 2011, Amonil changed its core business from fertilizer maker to electricity producer after losing its main production assets to Chemgas Holding Corporation in 2009.
Amonil is 50.46% owned by two Belize-registered firms (Zalois and Jovline), and 13.54% by Cyprus-registered Salink Limited. The remaining 36% of shares are traded freely on the Bucharest Stock Exchange.