“Pelican Fertilizers is the new owner of 75.8% in Azomures,” Chimpex Constanta (CHEM.RO), a unit of Azomures, said in a statement Wednesday.
Azomures owns 90.42% in Chimpex.
Ameropa said in November it has reached an agreement with Azomures’ majority stockholders, namely Turkish companies Eurofert and Azomures Holdings, to buy almost 76% of the company.
The deal’s value remains undisclosed.
Azomures reported a net profit of 346 million lei (EUR80 million) in 2011, more than double on the year, fueled by a 35% increase in sales.
Wednesday, Azomures closed down 0.06% at RON1.799 a share in Bucharest. (EUR1=RON4.3754)