Yara concludes sale of Fosfertil shares
May 28, 2010
Oslo (2010-05-28): In accordance with announcement made on 29 January 2010 Yara has sold its shares in Fosfertil and its 50% stake in the Anitapolis phosphate rock project to Vale.
As previously announced, the sale of the Fosfertil shares provides a pretax gain of approximately USD 550 millions. The sale of the Anitapolis stake generates an additional pretax gain of approximately USD 20 millions. The total cash effect after tax is expected to be around USD 680 millions.
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 339 832
Asle Skredderberget, Media Relations
Cellular (+47) 41 44 36 10
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 7,600 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)