Romanian Fertiliser Maker Amonil To Sell Part of Property Assets, Sets Price at Combined 57.1 Mln Lei (13.5 Mln Euro)

Amonil is putting up for sale one fertiliser production platform, two retail outlets, a hostel, two land plots and several apartment units, following a debt enforcement procedure prompted by a creditor, Chemgas Holding Corporation, Amonil said in a statement.

The tender is scheduled for 0600 GMT on October 6.

Amonil is listed on the Bucharest Stock Exchange, where it was last traded on Tuesday, closing down 1.15% at 0.0258 lei.

The fertiliser maker reported a net profit of 8.6 million lei in the first half of 2009, down from 21.3 million lei a year earlier. In mid-June the company resumed production of ammonia and urea after halting it at the beginning of March due to low market demand.

(1 euro=4.2369 Romanian lei)