Grupa Azoty falls after banks call for repayment of polymer project loans

Grupa Azoty SA

19/01/2026 08:57

** Shares in Polish chemical company Grupa Azoty ATTP.WA fall around 4% after banks declared 3.95 billion zlotys ($1.09 billion) of loans at its polymer project unit due and payable

** The company says the notification from lender Pekao PEO.WA, acting as a facility agent, demands the repayment of the financial obligations by Jan. 23

** Analysts Jakub Szkopek from Erste Group and Michal Kozak from Trigon say the banks’ decision likely reflects the planned sale of the polymer project to state-run energy group Orlen PKN.WA

** The sale would require the banks to write off about 2.8 billion zlotys of debt, which "they probably won't easily agree to", Szkopek says

** Azoty's shares are on track for their worst day since July if losses persist

($1 = 3.6364 zlotys)

(Reporting by Rafal Nowak)

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