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Mergers & Acquisitions
Borealis gets another fertilizer offer
by Alexander H. Tullo
June 11, 2022
| A version of this story appeared in
Volume 100, Issue 21
Borealis has received a binding offer of $870 million for its nitrogen fertilizer business from the Czech agricultural conglomerate Agrofert. The business, which produces fertilizers and melamine, had sales of about $1.5 billion and operating profit of $110 million in 2021. Borealis had an offer of $520 million from competitor EuroChem earlier this year, but the deal fell through after Russia’s invasion of Ukraine because of that firm’s Russian connections.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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