EnglishMost of the assets of fertilizer producer "Amonil" Slobozia will be auctioned off today for a minimum amount of 57.12 million lei, after the main shareholder of "Chemgas Holding Corporation" SRL, the plant"s creditor, rejected the forced execution.
Some of the assets put up for sale include several tracts of land, retail areas, as well as some of the most important installations of the chemical plant. The sale of the installations raises serious doubts about the possibility of the plant to continue its operations, such the Kellogg Ammonia Installation, the Ammonia Installations I and III, the Urea Installations I and II, etc.
The management of "Amonil" requested that the creditor Chemgaz Holding postpone the forced execution, after Salink Limited, a minority shareholder of the plant, summoned a General Shareholder Assembly in order to increase the share capital with the amount needed for paying off the debts to Chemgaz.
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