Romanian state-controlled gas supplier Romgaz signed an agreement 29 May to acquire all production assets of fertilizer producer Azomures for a total consideration of approximately euro 69 million ($80.15 million), according to a report filed with the Bucharest Stock Exchange. The transaction price comprises euro 46.46 million ($53.96 million) for the plant assets, plus up to $11 million for the book value of consumables and raw materials, and $15 million to cover operating costs during the period between signing and completion. The deal is financed entirely from Romgaz's own sources. The transaction completion remains subject to approval by Romgaz's Extraordinary General Meeting of Shareholders, an unconditional clearance from Romania's Competition Council, and approval from Bucharest's Foreign Direct Investment Screening Commission (CEISD).