BREAKING | Romgaz are undă verde să preia Azomureș

Romgaz has received approval to acquire Azomureș, a key fertilizer producer in Romania, from the Competition Council. The transaction involves taking over production assets, contracts, and employees, with a total estimated value of 69 million euros. This acquisition aims to enhance Romgaz's vertical integration strategy and ensure a stable supply of natural gas for fertilizer production, which is crucial for the agricultural sector. The integration process will focus on safety and efficiency, with plans to restart production after a period of inactivity due to market challenges. The deal is expected to secure jobs and reduce dependency on expensive imports.