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Announced

Completed

Grupa Azoty acquired COMPO Expert from XIO Group for €227m.

Synopsis

Grupa Azoty agreed for the acquisition of Goat TopCo, which controls the companies of COMPO EXPERT Group, one of the world's leaders in the market of specialty fertilizers for professional users, from Goat Netherlands, an entity of the XIO Group, a London headquartered private equity firm. For 100% of shares in the COMPO EXPERT Group, Grupa Azoty paid €227m, which was financed entirely with credit lines available to Grupa Azoty. „With the acquisition of the shares in the COMPO EXPERT Group, Grupa Azoty will further strengthen its international position among the leading solutions providers for the agro market. Entering the area of specialty fertilizers is an important step in the Group’s access to innovative technologies and unique know-how. It is also proof of how effectively Polish companies can maximize acquisition opportunities for the benefit of the Polish chemical sector and the Polish economy overall. Grupa Azoty, which until a few years ago was threatened by a hostile takeover, is now actively participating in acquisition processes in Europe thanks to the combined strength of its integrated plants," stresses Wojciech Wardacki, PhD, President of the Management Board of Grupa Azoty.

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