Grupa LOTOS

Grupa Azoty and Grupa Lotos signed a binding agreement for Grupa Lotos to invest 500 million PLN in the Polimery Police petrochemical project. The investment includes up to 300 million PLN in equity and up to 200 million PLN in a subordinated loan.

Grupa Lotos is negotiating to take shares in Grupa Azoty Polyolefins, providing up to 500 million zł in capital financing for the Polimery Police polypropylene project in Police, Poland. The talks are at an advanced stage.

Grupa Azoty and its subsidiaries signed an annex with Grupa Lotos extending the letter of intent for financing the Polimery Police polypropylene plant project until December 6, 2019. The project has a total budget of EUR 1.52 billion and is expected to start commercial operation in Q4 2022.

Grupa LOTOS signed a letter of intent with Grupa Azoty companies regarding a potential investment of up to PLN 500 million in the Polimery Police project, a polypropylene complex in Police, Poland.