Equity investments 

Establishment of AFRIG Trade SARL

On May 14th 2014, AFRIG Trade SARL of Senegal was established, with 100% of its shares acquired by African Investment Group S.A., a subsidiary of Grupa Azoty POLICE.   

Acquisition of shares in Unibaltic Agro Sp. z o.o.

On September 11th 2014, Agrochem Puławy Sp. z o.o. (a subsidiary of Grupa Azoty PUŁAWY), acquired 6,793 shares in Unibaltic Agro Sp. z o.o. of Szczecin, with a total par value of PLN 3,396 thousand (for more information see section 1.2 Changes in the Group’s structure [2] of this Report and the full-year consolidated financial statements of the Grupa Azoty Group for the 12 months ended December 31st 2014, Note 1.2 Changes in the Group’s structure [2]).

Acquisition of shares in Elektrownia Puławy Sp. z o.o.

On December 23rd 2014, Grupa Azoty PUŁAWY acquired from PGE GiEK 11,074 equal and indivisible shares in Elektrownia Puławy Sp. z o.o. for a total price of PLN 16,395,535.91; following the transaction, Grupa Azoty PUŁAWY holds 100% of shares and voting rights in the company.

Disposal of shares in Ciech S.A.

In June 2014, Grupa Azoty SIARKOPOL sold 285,300 shares in Ciech S.A. for a total price of PLN 8,844 thousand.

Also in June 2014, Zakłady Azotowe Chorzów S.A. earned PLN 9,434 thousand in proceeds from the sale of 304,320 Ciech shares.