𝐆𝐫𝐮𝐩𝐚 𝐀𝐳𝐨𝐭𝐲 𝐞𝐧𝐭𝐞𝐫𝐬 𝐢𝐧𝐭𝐨 𝐚 𝐩𝐫𝐞𝐥𝐢𝐦𝐢𝐧𝐚𝐫𝐲 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐎𝐫𝐥𝐞𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐬𝐚𝐥𝐞 𝐨𝐟 𝐆𝐫𝐮𝐩𝐚 𝐀𝐳𝐨𝐭𝐲 𝐏𝐨𝐥𝐲𝐨𝐥𝐞𝐟𝐢𝐧𝐬 𝐬𝐡𝐚𝐫𝐞𝐬

On 31 March 2026, Grupa Azoty signed a preliminary agreement with Orlen for the sale of 100% of the shares in GA Polyolefins. The transaction value is PLN 1.183 billion and the transaction will be carried out on a cash-free and debt-free basis.

Achievement of this key milestone for #GrupaAzoty’s stability was made possible by a settlement with Hyundai Engineering Co. (HEC) a shareholder of GA Polyolefins to date providing for the mutual withdrawal of claims filed with the Vienna International Arbitral Centre (VIAC), as well as by the earlier termination of the shareholders’ agreement.

‘Resolving the Polimery Police Project is a turning point for Grupa Azoty and addresses one of our most significant investment and financial challenges. By transferring the project to a partner with strong downstream #petrochemical capabilities, we are relieving the organisation of part of the debt that has been limiting our operational flexibility. This transaction is a catalyst for implementing our new strategy—focusing on our fertilizer foundation and maximising synergies within the Group. One further milestone remains ahead, which will allow us to move from defensive debt management to active value creation for the Group,’ commented Marcin Celejewski, President of the Management Board of Grupa Azoty.

As part of the transaction, #Orlen will provide capital to finance the implementation of the arrangement and to repay liabilities outside the arrangement. In addition, the investor will grant GA Polyolefins a loan to finance ongoing operations, ensuring liquidity until completion of the process.

The transaction includes an earn-out mechanism, i.e. participation by selected stakeholders—including Grupa Azoty Police—in potential future profits of the company. Orlen will be the party obligated to pay the earn-out.

Following completion, Grupa Azoty companies will continue commercial relationships with GA Polyolefins on market terms. Revenues under these arrangements will be generated primarily by Grupa Azoty Police (supply of utilities and services) and by the Port of Police Authority (lease of port real estate).

The sale process is closely linked to the arrangement proceedings at GA Polyolefins, ongoing since 28 November 2025. On 27 March, the company’s creditors voted in favour of adopting the arrangement, and the following day an application for its approval was filed with the court.

‘The positive outcome of the arrangement vote is a milestone that opens the way for the entry of a strategic investor and concludes complex negotiations. Thanks to the engagement of all parties, the process has entered its decisive phase—at this stage, the key step is the court’s approval of the arrangement.

source : Grupa Azoty