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 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).
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.