Azomureș received an initial price offer from Romgaz, and Romgaz management is open to further negotiations, if the offer is accepted, claim Romgaz officials, a company accused by Azomureș of not having sent a binding offer.

“Romgaz specifies that it sent Azomureș a letter informing it of the proposed price range for the acquisition of Azomureș assets, specifying that, if this price range were accepted, the parties could enter into extended negotiations regarding the terms and conditions of the transaction,” the press release signed by Răzvan Popescu, general manager and Aristotel Jude, deputy general manager, Romgaz.

The amount offered, of around 100 million euros, according to the central press, would be too small for the shareholder Azomureș, a company that, however, has a declining turnover, from 335 million euros in 2020, to 314 million euros in 2024, with losses of around 100 million euros in the same year, despite the market share held on the Romanian fertilizer market. According to the latest available data, Azomureș’s turnover for 2024 was around 1.57 billion lei, down from previous years, reflecting the challenges on the fertilizer market, the company recording record losses of over 500 million lei in the same year, with figures for 2025 not yet available.

Azomureș announced on Monday that it is sending 600 employees on technical unemployment and suspending major maintenance and service contracts. The measures come after – according to Azomureș management – ​​Romgaz postponed submitting an offer to acquire the chemical plant, but also due to “market problems, especially natural gas, the raw material for Azomureș”, according to officials of the company owned by the Ameropa trust.

Romgaz claims, however, that it cannot be “sensitized” to increase the price offer.

“In the press release of January 12, 2026, Azomureș mentioned that the process of acquiring Azomureș assets by Romgaz had not progressed and that it had not submitted a binding offer, appreciating that, from its perspective, the due diligence process had been completed. At the same time, Azomureș presented the operational context, referring to the uncertainty regarding gas supply and the potential social and economic implications of delays in adopting decisions.

“For correct information, We strongly believe that Azomureș’s press information in relation to Romgaz cannot lead to awareness, in the sense of accepting any price for such a transaction.

Complex transactions such as the acquisition of Azomureș assets must be negotiated and substantiated by Romgaz according to corporate procedures and applicable legislation, before submitting such a transaction for approval by the competent corporate bodies.

If Azomureș representatives wish, we remain open to an honest and coherent dialogue to negotiate and substantiate, according to corporate procedures and applicable legislation, the acquisition of Azomureș assets… At the same time, Romgaz will also analyze any other opportunity to invest in a project in the chemical fertilizer industry on the Romanian market”, Romgaz officials claim.