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Yara acquires remaining 50% of Balderton Fertiliser

Jan 28, 2010

Oslo (2010-01-28): Yara International ASA has acquired the remaining 50% ownerships in the Geneva-based Balderton Fertilisers SA for USD 130 million, and owns 100% of the company after the transaction. The full ownership will simplify and increase the integration and optimization of Balderton Fertiliser in Yara, and support further growth through improved sourcing capabilities and position taking.  

 

Balderton is a leading fertilizer trading company in Europe trading 4.1 and 2.9 million tons of various products in 2008 and 2009 respectively, with a total turnover of USD 2.3 billion in 2008 and USD 0.8 billion in 2009. Balderton's strong positions in the FSU, Mediterranean, Asia and Africa compliment Yara's positions and distribution system throughout the world.

 

Balderton Fertilisers' average annual EBITDA for 2007-09 was USD 35 million.

 

 

Contact

 

Torgeir Kvidal, Investor Relations

Telephone  (+47) 24 15 72 95

Cellular (+47) 91 339 832

E-mail torgeir.kvidal@yara.com

 

Asle Skredderberget, Media Relations

Cellular (+47) 41 44 36 10

E-mail asle.skredderberget@yara.com

 

 

Yara International ASA is the world's leading chemical company that converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that prevent air pollution. Yara's global workforce of 8000 employees represents the great diversity and knowledge that enables Yara to remain a leading performer in the industry.

www.yara.com
 
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
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