Yara Bids For Fertilizer Company | Chemical & Engineering News
Volume 85 Issue 22 | p. 18 | Concentrates
Issue Date: May 28, 2007

Yara Bids For Fertilizer Company

Department: Business

Yara International has acquired 30% of fellow Nordic fertilizer company Kemira GrowHow and has launched an offer to acquire the rest of the company. Yara says the offer values Kemira GrowHow at about $900 million. If successful, the acquisition will add about $1.6 billion to Yara's $8.0 billion in annual sales. Kemira GrowHow and Yara were spun off from Finland's Kemira and Norway's Norsk Hydro, respectively, in 2004.

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