Investor Relations

Highlights 2010

Highlights for 2010

Major financial events:

Yara signed a cash merger agreement with Terra Industries Inc. in February 2010. Yara chose not to match a superior acquisition bid that Terra received. Consequently, Terra terminated the agreement and paid Yara a break-up fee of NOK 666 million. 

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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. In Q2, Yara sold Nuova Terni (Italy) and Peremartoni (Hungary) for a net gain of NOK 109 million. The sale of Yara’s fertilizer retail activity in South Africa was concluded in Q4, at a price of approx. USD 75 million. 

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Yara’s Annual General Meeting approved of a dividend of NOK 4.50 per share in May and renewed the Board of Directors’ authorization to carry out share buybacks. 

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Major operational events:

Yara entered the emerging US market for Diesel Exhaust Fluid (DEF; otherwise known as AdBlue), as new emission standards went into force on Jan. 1, by securing major distribution agreements. Sales of NOx abatement solutions increased in Europe and we passed the milestone of one million tons of Air1 sold in November.

Yara advanced its engagement in the African region, launching investment opportunities in the agricultural growth corridors at the World Economic Forum (WEF) on Africa in Dar es Salaam, May 2010 and the WEF Annual Meeting in Davos, January 2011. Yara launched a fertilizer terminal project at the port of Dar es Salaam, Tanzania.

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