Srbijagas takes over Azotara?

Srbijagas takes over Azotara?

The director general of Srbijagas Dusan Bajatovic declared there was a possibility of Srbijagas becoming the majoritiy owner of Azotara Fertilizer Co. and thereby eliminating Azotara’s debts. Bajatovic also said Srbijagas was considering transforming receivables into capital in the case of Kikinda-based methanol complex too, saying this would boost the company’s production.

Bajatovic did not define the sum the companies owed to Srbijagas, nor did he define the Srbijagas potential share based on the debts. Bajatovic only made clear that Srbijagas might become the majority owner.