Yara International ASA and CF Industries have terminated their discussions regarding a potential merger of equals transaction.
"This has been a constructive process, with solid work by both parties. We were able to identify significant structural and operational synergies, but in the end it became clear that we would not be able to agree on terms that would be acceptable to all stakeholders," said Torgeir Kvidal, President and Chief Executive Officer of Yara International ASA.
"I would like to thank the management team and Board of Directors of CF Industries for their hard work and cooperation throughout the discussions," said Kvidal.
"Yara has an industry-leading business model combining a broad product portfolio and an unrivalled global market presence. Furthermore, we have a strong pipeline of attractive growth opportunities, from which we will continue to deliver sustainable long-term value for our shareholders, customers and society at large," said Kvidal.
Read the press release here: Yara International ASA: Termination of merger discussions with CF Industries