Brief: Grupa Azoty Says Banks Seize Funds From Unit To Cover Project Debt

Grupa Azoty SA

14/10/2025 06:34

Oct 14 (Reuters) - Grupa Azoty ATTP.WA:

SAID ON MONDAY LENDERS HAVE TAKEN ABOUT EUR 76.8 MLN FROM ITS POLYOLEFINS UNIT TO SATISFY DEBT RELATED TO THE POLIMERY POLICE PROJECT

GRUPA AZOTY POLYOLEFINS RECEIVED OVER 107.5 MILLION EUROS FROM A GUARANTEE DUE TO THE IMPROPER PERFORMANCE OF THE CONTRACT FOR THE POLIMERY POLICE PROJECT

CEO SAYS THE DECISION DOES NOT CHANGE ITS RESTRUCTURING APPROACH AND THE COMPANY WILL FOCUS ON TALKS WITH ORLEN FOR THE PROJECT'S LONG-TERM PLAN

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 (Gdansk Newsroom)

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