About Yara

2010: Yara sells Fosfertil and other assets

Yara entered an agreement with the industrial conglomerate Vale in Q1 to sell its shares in Fosfertil and its stake in the Anitapolis phosphate rock project, Brazil, for a combined gain of NOK 3.7 billion.

Although Brazil remains an important growth market, the minority position in Fosfertil did not provide optimal operational integration with Yara’s fertilizer marketing in the country. The offer from Vale was considered an attractive price for a non-integrated position.

Yara also sold two subsidiaries, Nuova Terni Industrie Chimiche S.p.A in Italy and Peremartoni Fertilizers Kft in Hungary; its shares in the JV Carbonor; as well as its shares in the equity-accounted investees Agrico Canada Ltd. (Canada) and the port of Baria Serece (Vietnam). Furthermore, Yara restructured its operations in South Africa, selling its fertilizer retail assets in South Africa and its 50- percent ownership in the South African retail company Sidi Parani (Pty) Ltd. – which was defined as a non-core business.

We use cookies on this website. If you continue to use the site without changing your settings, you agree that we may store and access these cookies on your device. To understand more about our use of cookies and to change cookie settings at any time please see
Cookie Preferences
I accept cookies