Poland’s Grupa Azoty considers sale of polyolefins unit to Orlen

Orlen has made a non-binding PLN 1.022 billion offer to acquire all shares in Grupa Azoty Polyolefins S.A. on a cash-free, debt-free basis, including financing to restructure liabilities.
The deal depends on due diligence, completion of GA Polyolefins’ restructuring, EPC contract settlement, and required approvals.
Grupa Azoty is reviewing the offer before deciding next steps.