Issue Date: May 28, 2007
Yara Bids For Fertilizer Company
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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