MET Group, one of the fastest growing integrated European energy companies headquartered in Switzerland, announces interest to acquire 54.07% of the shares in UAB koncernas ACHEMOS GRUPĖ (Achema Group), the Baltic’s leading producer of nitrogen fertilizer and chemical products. The transaction aims to combine the complementary strengths of the two companies, thereby facilitating substantial value creation.

With 2023 being its second most profitable year, supported by consolidated revenue of EUR 24.5 billion, Swiss-based MET Group has the financial strength to continue its growth strategy. MET has identified Achema Group as the ideal partner for its growth: Achema is an outstanding company, with an experienced management and skilled employees – a company that perfectly fits into MET’s value chain.

“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,” said Benjamin Lakatos, Chairman and CEO of MET Group.

To close the transaction, customary due diligence and regulatory approvals are required. Additionally, MET plans to reach an agreement with the minority shareholders. As a result, a longer process involving several legal and procedural steps is expected.

Further updates will be provided as the process advances.