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Tag Archives: Rustavi Azot

EBRD Swerves Plans for Allocating 125 million USD Resource to Rustavi Azot

EBRD will not allocate a 125 million USD financial resource to Rustavi Azot. The EBRD regional director Bruno Balvanera told BusinessContract that  the company has not fulfilled the agreement-determined obligations and global market dynamics should be also taken into account. “We were working jointly with Rustavi Azot and approved a …

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Rustavi Azot Goes to EU Investment Ownership

Rustavi Azot has been transmitted to EU Investments in ownership. The company abstains from making additional comments over the issue. EU Investments holds a 100% stake in Rustavi Azot, the company managers told Business Contract. EU Investment was registered in autumn 2016. Eprem Urumashvili is the company director, while Ioseb …

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Cyprus-incorporated Mathade Buys 10% Stake in Rustavi Azot

Changes have taken places in Rustavi Azot stakeholders’ structure. According to official reports, Cyprus-incorporated Mathade has bought a 10% stake in Rustavi Azot from Agrochim S.A. The deal value is 17.5 million USD. Final owners will not be replaced and only internal shifts are reported, the company representatives said. Georgia’s …

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EBRD Supports Georgian Chemical Producer Rustavi Azot

The European Bank for Reconstruction and Development (EBRD) has arranged a US$ 155 million financing package for a major Georgian manufacturer, Rustavi Azot. The company is a producer of nitrogen-based fertilisers and is the largest industrial enterprise in Georgia, with 2,200 employees and an annual production capacity of up to …

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EBRD to fund $155 Mln in Rustavi Azot

EBRD to fund $155 Mln in Rustavi Azot

Between the European Bank Reconstruction and Development” (EBRD) and the Rustavi Azot LLC the agreement is being signed. Thus, $155 million financing package will be fully spent on Georgian fertilizer production company “Rustavi Azot” in order to generate ammonium production line and rehabilitation. As a result, energy consumption will be reduced by 30%. At the company …

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