The Agrofert holding will spin off nine of its chemical companies in seven European countries into a new company, AGF Nitrogen. The change was announced on Friday, May 29, 2026, and also concerns the company Lovochemie. irozhlas.cz ↗
The new company will have registered capital of 500 million korunas. According to available information, AGF Nitrogen will remain part of the Agrofert holding, so this does not mean these chemical companies are leaving the group. The spin-off applies to a portion of the chemical operations that Agrofert runs in several European countries. idnes.cz ↗
The placement of nine chemical companies under AGF Nitrogen represents an organizational change within the holding. The available articles indicate that one of the companies affected by the change is Lovochemie. The articles do not provide further details about the individual companies, the new firm's staffing, or the timetable for the transfer. denik.cz ↗
Following the spin-off, AGF Nitrogen is to serve as an umbrella for selected Agrofert chemical companies in seven European countries. Further developments will depend on how the holding practically sets up the new structure and whether it releases further information about how the new company will operate. ihned.cz ↗
Agrofert to spin off nine chemical plants into new company AGF Nitrogen
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