Bolojan Says Romgaz Will Sign Azomureș Takeover Deal in Coming Days

The takeover of Romania’s Azomureș chemical plant is set to move from negotiation to implementation, with Romgaz expected to sign the contract in the coming days. Interim Prime Minister Ilie Bolojan announced the development in Târgu Mureș after the remaining approval procedures were completed.

The acquisition talks concluded several months ago, but the transaction required approvals from the shareholders’ general meeting, the Competition Council and Romgaz’s investment committee. Bolojan said all procedures had been completed by the end of the previous week.

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Now that negotiations for Romgaz to take over this plant were completed several months ago, the actual completion could not take place because approvals were needed.

The deal will transfer more than 800 Azomureș employees to Romgaz from September. One of the new management’s first priorities will be to prepare the plant’s installations for restart.

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From the first quarter of next year, Azomureș will operate at capacity, providing an important component of chemical fertilizers for Romanian agriculture.

Production cannot resume immediately. The shutdown period means the plant needs new expert assessments and safety authorizations before operations can begin. Bolojan said the facility should operate at full capacity in the first quarter of next year, supplying fertilizers for Romanian agriculture, most of which are currently imported.

He presented the acquisition as a strategic energy and industrial investment linked to the expected start of gas production in the Black Sea next year. In his view, domestic fertilizer production could also reduce the impact of volatile international markets on food prices.

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Given the increase in gas prices, I consider this one of the most important investments carried out through a strategy to develop and capitalize on the gas that will be extracted from the Black Sea starting next year.