Nutrition

News 319 views last update:7 Aug 2012

Yara International buys Kemira GrowHow

The European Commission has given the green light to Norwegian mineral fertilisers and agronomic solutions provider Yara International to acquire Kemira GrowHow.

To do so Yara has to divest a part of its nitrogen chemicals business in Koping, Sweden, and divest part of Kemira GrowHow's nitrogen chemicals business in Tertre, Belgium, and close the Ferti supply distribution joint venture in Denmark, among others.

In total the commitments correspond to less than 3% of Kemira GrowHow revenues.

Yara International has elected to waive the remaining preconditions for the completion of the tender offer, and the offer will be completed after the termination of the offer period by 4 October 2007.

Kemira GrowHow develops and markets fertilisers and integrated solutions for crop cultivation, animal feed supplements and chemicals required in various industries. The company is listed on the Nordic Exchange in Helsinki.

Yara International, headquartered in Oslo, Norway, is a fertilisers and agronomic solutions supplier.

The company has 7,000 employees and sells its products in 120 countries. Yara is listed on the Oslo Stock Exchange.

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