TajikAzot was sold to an unnamed investor

A tender for the sale of a controlling stake in the TajikAzot plant was held in Tajikistan. The initial cost was set at $200 million, however, the final one and the name of the investor are unknown.

According to the statement of Sadi Kodirzoda, Chairman of the Committee on Investments and State Property Management of Tajikistan, TajikAzot was sold to attract foreign investments in the country and create new jobs.

The new owner of the enterprise has to provide 1.1 thousand jobs in a short time, pay off the plant’s debts within a year and restore the Yavan-Levkant gas pipeline, which is necessary to supply TajikAzot with natural gas.

TajikAzot is the only nitrogen fertilizer producer in Tajikistan. Its product portfolio includes ammonia and carbamide.

Source: Sputnik

Add Fertilizer Daily to your followed sources to get market news first  

Enjoyed the story?

Once a week, our subscribers get their hands first on hottest fertilizer and agriculture news. Don’t miss it!