Romgaz moves on Azomureș deal as clock ticks

Romgaz, Romania’s largest natural gas producer and majority state‑owned, said on 6 May it had reached an agreement in principle to acquire Azomureș’s operational activity as a going concern. It said this reflects a shared understanding on structure, price and commercial mechanisms, and it aims to complete negotiations, secure board approval and sign a transaction contract by the end of May.

Azomureș, owned by Swiss agri‑business Ameropa, operates Romania’s largest nitrogen fertiliser plant at Târgu Mureș and covers a substantial share of domestic demand when running at normal rates. In March it notified unions of plans for collective dismissals and mothballing of the plant, opening a consultation under Romanian labour law and creating “an estimated window of approximately 45 days before irreversible workforce reductions begin”.