The fertilizer production platform, two warehouses, a homeless shelter, work apartments, sport center and another idled production facility previously used for the manufacturing of Furfurol have been sold in a public auction.

Earlier this week, majority shareholder of Chemgas Holding rejected the request filed by Amonil Slobozia (BSE: AMO) against creditor Chemgas for postponing the divestiture of the chemical fertilizer manufacturer of a part of its assets.

Salink Limited, minority shareholder of Amonil called for a new shareholders meeting in late September to approve a capital hike that would cover the outstanding debt to Chemgas Holding Corporation.

The company has a share capital of 111.26 mln lei, divided into 1.11 bln shares at a face value of 0.10 lei.

The main shareholders of the company are Zalois Ltd with 32.19% stake, Jovline Ltd with 18.22% while Salink Limited holds 13.54%. Eurom Trade & Invest holds 5.07%.

The company has a capitalization of 20.3 mln lei (€4.76 mln), according to yesterday’s closing quote of 0.0183 lei/share.

Amonil's asset foreclosure process to start tomorrow

Amonil's asset foreclosure process to start tomorrow