Yara gets approval acquisition Bunge’s fertilizer business in Brazil

Yara gets approval for acquisition of Bunge’s fertilizer business in Brazil

5:05 AM, 6th June 2013
Yara gets approval for acquisition of Bunge’s fertilizer business in Brazil
Jorgen Ole Haslestad, President and Chief Executive Officer, Yara International.

OSLO, NORWAY: The Brazilian Administrative Council for Economic Defence (CADE) has approved Yara’s acquisition of Bunge’s fertilizer business in Brazil, allowing Yara to proceed with completing the $750 million transaction and integration process.

The transaction is valued at $750 million and comprises a net operating capital value of $385 million and other assets valued at $365 million, with the operating capital value subject to post-closing adjustment. Yara is targeting $50 million annual synergies from 2014.

“This regulatory approval marks the start of an exciting new phase in Brazil for Yara. Brazil has significant growth prospects for both the agricultural sector in general and the fertilizer industry, and Yara intends to play a key role in the further development of Brazilian agribusiness,” said Jorgen Ole Haslestad, President and Chief Executive Officer, Yara International.

© WOC News

worldofchemicals provides the best details of chemical equipments, chemical equipment suppliers, chemical equipment manufacturers, material handling equipments, transport equipment, lab equipments, process equipments, chemical storage equipment, transportation equipment - https://www.worldofchemicals.com/Equipments/id-5.html?lst=trt

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Valspar to acquire Inver Holdings

MINNEAPOLIS, US: The Valspar Corporation, a leading global manufacturer of paints and coatings, announced a definitive agreement to acquire Inver ...

Read more
AkzoNobel, Solvay to expand renewable raw materials in coatings

AMSTERDAM, THE NETHERLANDS/BRUSSELS, BELGIUM: AkzoNobel and Solvay have signed a three-year agreement whereby AkzoNobel will increase the use of renew ...

Read more
EU imposes anti-dumping duties on Chinese solar panels import

BERLIN, GERMANY: The European Union is imposing anti-dumping levies on imports of Chinese solar panels, in a move that could trigger a trade war betwe ...

Read more
Sahara Petrochemical, Sipchem plan merger

JUBAIL, SAUDI ARABIA: Saudi Arabia’s Sahara Petrochemical and Saudi International Petrochemical Co (Sipchem) have begun initial talks on a poten ...

Read more
Lanxess invests €400 million in butyl rubber plant in Singapore

LEVERKUSEN, GERMANY/SINGAPORE: Lanxess inaugurated its new butyl rubber plant on Jurong Island in Singapore on schedule. The specialty chemicals compa ...

Read more
World Environment Day 2013 - focus on “anti-food waste” campaign

NEW YORK, US: World Environment Day is an annual event that is aimed at being the biggest and most widely celebrated global day for positive environme ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X