Yara acquires remaining shares in Yara Nipro
(Thomson Reuters ONE) -
Oslo (2011-01-10): Yara International ASA exercised a call option today and
purchased the remaining 60% of shares in Yara Nipro Pty Ltd from the founders.
Yara Nipro is the market leader in bulk liquid fertilizers to many crops in
Eastern Australia, and sales volumes have increased by 125% since Yara purchased
a 40% ownership in January 2008. Yara Nipro represents a business which is
complementary to the already strong position held by Yara within the
horticultural segment in Australia, and Yara Nipro's operations will be
integrated with those of Yara Australia.
Yara Nipro has concentrated on irrigated high productivity agriculture and high
performance large scale farmers and in more recent years expanded operations
into horticulture, wheat and sugar cane. With only about 3% of the fertilizer in
Eastern Australia supplied by liquids, there is huge potential for further
growth.
"Yara Nipro's unique liquid fertilizer concept makes it particularly attractive
in regions of water scarcity like many parts of Australia. The innovative
technology and business model fits well with Yara's aim to provide the best crop
nutrition solution for the global challenges facing farmers today," says Head of
Yara Downstream Egil Hogna.
Yara Nipro had in the financial year ending June 2010 a turnover of AUD 46
million and an EBITDA of AUD 5.6 million.
Contact
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 339 832
E-mail: torgeir.kvidal(at)yara.com
Asle Skredderberget, Media Relations
Cellular (+47) 41 44 36 10
E-mail: asle.skredderberget(at)yara.com
Yara International ASA is the world's leading chemical company that converts
energy, natural minerals and nitrogen from the air into essential products for
farmers and industrial customers. As the number one global supplier of mineral
fertilizers, we help provide food for a growing world population. Our industrial
product portfolio includes environmental protection agents that prevent air
pollution. Yara's global workforce of 7,600 employees represents the great
diversity and knowledge that enables Yara to remain a leading performer in the
industry.
www.yara.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1478005]
Unternehmensinformation / Kurzprofil:
Datum: 10.01.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 50297
Anzahl Zeichen: 3145
contact information:
Town:
Oslo
Kategorie:
Business News
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"Yara acquires remaining shares in Yara Nipro"
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