Yara acquires a controlling interest in Fertibras

20-Jul-2006

Yara International ASA has acquired a controlling interest in Fertibras, a Brazilian fertilizer distribution and marketing company, clearly establishing Yara as the second largest player in the Brazilian market. The total purchase price for 48.09 percent of the shares in Fertibras, constituting 99.95 percent of voting shares, is USD 126 million.

"Brazil is one of the most important fertilizer markets in the world and is key to our growth strategy. Yara already has a strong market position and an efficient operation in the country based on the acquisition of Adubos Trevo in 2000. The acquisition of Fertibras will further strengthen Yara's position and scale, and create a strong platform for further consolidation of the Brazilian fertilizer industry," says President and CEO of Yara International, Thorleif Enger.

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