Oslo, 17 November 2017: Yara has entered into an agreement to acquire the Vale Cubatão Fertilizantes complex in Brazil from
Vale S.A. for an enterprise value of USD 255 million. The acquisition will establish Yara as a nitrogen producer in Brazil, strengthening its production footprint and complementing its existing distribution position. "I am pleased to announce this agreement, which will bring nitrogen production assets into our growing portfolio in Brazil, strengthening both our industrial and fertilizer production and sales," said Svein Tore Holsether, President and Chief Executive Officer of Yara. "The nitrogen assets have a strong competitive position, as Brazil is a net importer of nitric acid and nitrates. This deal is an important step to...
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