Brief: Grupa Azoty Signs MoU With Orlen After Previous Deal Expires

Grupa Azoty SA

01/08/2025 06:51

Aug 1 (Reuters) - Grupa Azoty ATTP.WA:

SAID IT HAS SIGNED A MEMORANDUM OF UNDERSTANDING (MOU) WITH , GA POLYOLEFINS, GA POLICE AND ORLEN ON AUG 1, EFFECTIVE JULY 31

SAYS THE PREVIOUS COOPERATION AND STABILIZATION AGREEMENT RELATED TO THE POLYMERY POLICE PROJECT EXPIRED ON JULY 31

STATES THE MOU'S GOAL IS TO FRAME COOPERATION FOR A POTENTIAL SALE OF SELECTED ASSETS BELONGING TO GRUPA AZOTY POLYOLEFINS AND THE POLICE SEAPORT AUTHORITY

SAYS THE ASSETS INCLUDE A HANDLING-STORAGE TERMINAL AND PORT PLOTS

SAYS ORLEN WILL BE INVITED AS A POTENTIAL BUYER IN AN OPEN SALE PROCESS

ADDS THE PARTIES WILL COOPERATE TO STABILIZE THE FINANCIAL SITUATION OF GRUPA AZOTY POLYOLEFINS

NOTES THE MOU IS NON-BINDING AND VALID UNTIL DEC 31, 2025

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