Grupa Azoty aims for initial stakeholder agreement over Polyolefins sale by year-end

Grupa Azoty SA

25/11/2025 09:48

GDANSK, Nov 25 (Reuters) - Polish chemicals group Grupa Azoty ATTP.WA said on Tuesday it aimed to reach a preliminary agreement with stakeholders over the planned sale of its indebted Polyolefins unit to refiner Orlen PKN.WA by the end of the year.

Deputy CEO Andrzej Dawidowski said the potential 1.02 billion zloty ($278.0 million) sale was a "very demanding task" due to the unit's high debt, adding that any agreement would be subject to the consent of all parties, including financing banks.

($1 = 3.6686 zlotys)

(Reporting by Rafal Nowak, editing by Milla Nissi-Prussak)

((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))