The object of the contract is the production of liquid fertilizers under the distributor’s own brand, with daily delivery until April 30, 2025.
“This agreement strengthens Norofert’s position in the Romanian market and validates the company’s capabilities to provide production solutions tailored to the requirements of commercial partners, under white label. At the same time, the contract contributes to increasing the utilization of existing capacities in Romania and supports the company’s financial objectives for the current year,” Norofert notes.
Also on Friday, the company announced that the chairman of the board of directors, Vlad Andrei Popescu, had sold via a private placement through TradeVille 235,350 Norofert shares at the price of RON 2.7/ each or a total of RON635,450. The price was 8.2% lower than the market price.
(English version by Loredana Fratila-Cristescu)