Coffee beans

Yara's ammonia fleet sale to be booked in third quarter

Jun 23, 2006
Oslo (2006-06-23): 
 
Yara International ASA announced on April 27 2006 that it had entered into a Heads of Agreement with BW Gas under which Yara would divest most of its ammonia shipping assets to BW Gas.  Yara expected that the deal would be closed by second quarter 2006.
 
Due to practical issues, the closing of the deal has now been postponed to early third quarter 2006, and the net income for Yara of more than NOK 800 million will be booked in third quarter.
 
 
 
Torgeir Kvidal, Investor Relations
Telephone  (+47) 24 15 72 95
Cellular (+47) 91 339 832
 
Hamed Brodersen, Media Relations
Cellular (+47) 40 468 110
 
 
Yara International ASA is a leading chemical company that converts energy and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers and agronomic solutions, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that safeguard air and water purity and preserve food quality. Yara's global workforce of 6800 employees represents great diversity and talent enabling Yara to remain a leading performer in its industry.
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