Poland has appointed a temporary administrator to take control of a 20-percent stake that Russian oligarch Vyacheslav Kantor holds in the Azoty Group fertilizer producer, the minister of development and technology said on Tuesday.
Mateusz Morawiecki, the Polish prime minister, has hailed the opening of a new multi-billion zloty polypropylene production plant in northwestern Poland.
Polish fuels group PKN Orlen has signed a letter of intent on the acquisition of Grupa Azoty Pulawy, a fertilizer producer, Daniel Obajtek, Orlen’s CEO, said on Tuesday.
The Office of Competition and Consumer Protection (UOKiK) has approved the establishment of a special purpose company by Poland's chemical conglomerate Grupa Azoty and its three partners, including two South Korean firms, Azoty said in a statement.
Poland's chemical firm Grupa Azoty has asked the country's anti-trust regulator UOKiK to approve the construction of installations for polypropylene production by a group comprising Azoty and its one Polish and two South Korean partners, UOKiK said on Monday.
PDH Polska, owned by top Polish chemical group Azoty and Grupa Azoty Police, has signed a EUR 993 million turn-key contract with Hyundai Engineering Co., Ltd for the execution of the Polymers Police investment project, the companies have announced.
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