Yara acquires Pilbara ammonia and nitrate assets from Apache Corporation
(Thomson Reuters ONE) -
Oslo, 29 October 2015: Yara International has acquired 100% of the shares in
Apache Fertilisers Pty Ltd, which holds Apache's 49% ownership position in Yara
Pilbara Holdings Pty Ltd (YPHL), for USD 391 million.
YPHL owns 100% of the Yara Pilbara Fertilisers Pty Ltd (YPF). YPF in turn owns
the Yara Pilbara ammonia plant, which has a production capacity of approximately
850,000 tonnes per annum. In 2014 the Yara Pilbara ammonia plant delivered an
EBITDA of USD 218 million. The natural gas contract for the ammonia plant
contains a price step-up effective mid-2016.
YPHL also owns 20.4% of Yara Pilbara Nitrates Pty Ltd (YPN). YPN is constructing
a technical ammonium nitrate (TAN) plant with a production capacity of 330,000
tonnes per annum, with completion scheduled for early 2016.
"We are pleased to secure full ownership of the Pilbara ammonia plant, which is
the largest and most modern ammonia plant in Yara's portfolio," said Svein Tore
Holsether, President and CEO of Yara.
"The Pilbara assets are already operated by Yara, and therefore require limited
efforts to fully integrate. The investment will also yield synergies within
governance and tax structure," said Holsether.
The transaction has been signed and closed, and required approvals by relevant
authorities have been obtained.
Contact
Thor Giæver, Investor Relations
Telephone: (+47) 24 15 72 95
Cellular: (+47) 93 42 69 54
E-mail: anders.lerstad(at)yara.com
Esben Tuman, Media Relations
Telephone: (+47) 24 15 70 26
Mobile: (+47) 90 50 84 00
Email: esben.tuman(at)yara.com
About Yara
Yara's knowledge, products and solutions grow farmers', distributors' and
industrial customers' businesses profitably and responsibly, while nurturing and
protecting the earth's resources, food and environment.
Our fertilizers, crop nutrition programs and technologies increase yields,
improve product quality and reduce the environmental impact of agricultural
practices. Our industrial and environmental solutions improve air quality by
reducing emissions from industry and transportation, and serve as key
ingredients in the production of a wide range of goods. We foster a culture that
promotes the safety of our employees, contractors and societies.
Founded in 1905 to solve emerging famine in Europe, today, Yara has a worldwide
presence, with more than 12,000 employees and sales to more than 150 countries.
www.yara.com
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Yara International ASA via GlobeNewswire
[HUG#1962086]
Unternehmensinformation / Kurzprofil:
Datum: 29.10.2015 - 07:01 Uhr
Sprache: Deutsch
News-ID 430309
Anzahl Zeichen: 3425
contact information:
Town:
Oslo
Kategorie:
Business News
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"Yara acquires Pilbara ammonia and nitrate assets from Apache Corporation"
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Yara International ASA (Nachricht senden)
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