ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

CF Industries, OCI In Deal Talks

by Alexander H. Tullo
July 27, 2015 | APPEARED IN VOLUME 93, ISSUE 30

In what could result in a large transatlantic fertilizer merger, Amsterdam-based OCI and CF Industries, of Deerfield, Ill., have disclosed they are in negotiations for possible “combinations or transactions.” Neither company is commenting further, and both are stressing that the discussions may not yield deals. CF Industries calls itself the largest fertilizer maker in North America. It was in merger talks with Norway’s Yara last year. Those discussions did not result in a deal. However, it did ink an agreement with Yara earlier this month to buy Yara’s stake in its U.K. GrowHow fertilizer joint venture. OCI is in the process of separating from its former parent, Egyptian conglomerate Orascom Construction Industries. OCI has ammonia and downstream urea and urea ammonium nitrate production at plants in Algeria, Egypt, the Netherlands, and the U.S. OCI also makes methanol. However, CF’s release about the merger discussions notes that the combination would involve only “certain of OCI’s businesses,” implying the methanol business could be left out of possible transactions.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment