Yara acquires Borealis' share in Le Havre urea plant
17.06.2014 | Globenewswire Europe
Oslo (2014-06-17): Following the Borealis acquisition of GPN SA including52.15% ownership in the Le Havre urea plant, Yara has accepted an offer from
Borealis to acquire Borealis' ownership in Le Havre, situated on the north-west
coast of France.
Yara currently holds 47.85% in the 320,000 metric tons p.a. urea production
facility, and 100% in 400,000 metric ton p.a. ammonia production facility.
The acquisition will simplify overall management of the facility to the benefit
of Yara's activities in France and in Europe, and will allow greater flexibility
and optimization of the site.
Access to an additional 160,000 metric tons urea p.a. will allow Yara to expand
its sales to industrial customers in markets such as nitrogen oxide abatement
(DeNO(X)), AdBlue and the animal feed sector.
The agreement with Borealis includes a urea supply agreement during a transition
period.
Contact
Thor Giæver, Investor Relations
Telephone: (+47) 24 15 72 95
Cellular: (+47) 48 07 53 56
E-mail thor.giaver@yara.com
Esben Tuman, Corporate Communications
Telephone: (+47) 24 15 70 26
Cellular: (+47) 90 50 84 00
E-mail: esben.tuman@yara.com
Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for the
growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.
www.yara.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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Source: Yara International ASA via GlobeNewswire
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