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Energy trader MET Group to buy 54.07% of fertiliser firm Achema

RICHARD HEAP

June 6, 2024

Swiss energy trader MET Group has agreed to buy a 54.07% stake in Lithuanian fertiliser and chemicals producer Achema Group.

MET said the deal would combine complementary strengths of the two companies. Benjamin Lakatos, chairman and chief executive of MET Group, said: “This potential acquisition would be a significant step towards creating substantial value for the employees, the customers, and for the broader environment of Achema. We want a new prosperous era for Achema, and we are committed to developing solutions that are acceptable to all the stakeholders, based on a partnership philosophy.”

The proposed deal requires regulatory approval.

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