Hyposwiss buys 3% in Amonil

The Swiss investment fund Hyposwiss Danube Tiger, one of the most active foreign funds on the Bucharest Stock Exchange, became one of the shareholders of chemical fertilisers producer Amonil Slobozia on Monday. This was carried out through three deals conducted yesterday on the Stock Exchange and which totalled 3 million RON (850,000 euros), representing about 3% in Amonil. “We”ve bought a 3% stake. We believe it is a good investment because the company has a good position on the market and we think the Romanian chemical fertilisers market has good development prospects. We also believe that beginning the production of AdBlue as of May will be a good business,” Stefan Jaggy, manager of the investments fund, told ZF. AdBlue is a car fuel additive, whose main ingredient is urea, a product that Amonil will begin to manufacture this year. ZF