The Management Boards of Zakłady Azotowe w Tarnowie-Mościcach SA ("Azoty Tarnów") and Zakłady Azotowe Puławy SA ("ZA Puławy") concluded a consolidation agreement on November 14, 2012, the subject of which is to determine the terms of cooperation between Azoty Tarnów SA and ZA Puławy SA, including GZNF "Fosfory" Sp. z o. o
The Consolidation Agreement provided for consolidation of Azoty Tarnów SA and ZA Puławy SA within one Capital Group. The main assumptions were the pursuit of, among others for: maximizing cost synergies, in particular in the area of raw materials and media purchase, achieving synergy effects by extending production capacity and building a complete flexible product portfolio in the area of fertilizers. The aim was to achieve the cumulative effects of the experience of Azoty Tarnów SA and ZA Puławy SA
The parties also agreed on the rules regarding the use of the trade name "Grupa Azoty SA", and the addition of the words "Grupa Azoty" to the companies of some of the Companies included in the Capital Group.