Oslo, 5 October 2018: Yara has reached an agreement to acquire the minority interest in Galvani Indústria, Comércio e Serviços S.A. from the Galvani family. As part of the deal certain assets will be transferred to the Galvani family, who will also receive a payment in cash and a contingent amount. Yara will thereby own 100% of the shares in Galvani Indústria, Comércio e Serviços S.A. "This deal streamlines our production footprint in Brazil, securing full ownership of key Yara Brazil production assets, complementing its extensive distribution capabilities and achieving a more integrated position in the Brazilian market," says Lair Hanzen, Executive Vice President Yara Brazil. Yara Brazil will own 100% of the industrial unit in Paulínia with integrated Si...
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