Croatian fertilizer producer Petrokemija d.d. said on Jan. 21 its ammonia plant and other plants for the production of fertilizers at Kutina have restarted operations. The company on Dec. 3 had temporarily shut down its urea and ammonia production facilities due to a technical failure (GM Dec. 3, 2021).
Earlier last year, Petrokemija also suspended production several times due to technical problems and rising prices for natural gas and carbon dioxide emissions.
Croatian media last week reported that Turkey’s Yildirim Holding AS had submitted a binding bid to acquire the Croatian producer (GM Jan. 14, p. 30). The bid is reported to be valid until Jan. 31.
Meanwhile, Petrokemija’s shareholders will vote on a proposal to de-list its shares from the Zagreb bourse on Feb. 21, according to a SeeNews report. The company’s management and supervisory board green-lighted the proposal earlier this month.