Yara signs the transaction documents for the sale of its European CO2 business
Apr 20, 2016
Oslo, 20 April 2016: Yara International ASA has signed the transaction documents for the sale of its European CO2 business and its remaining 34% stake in the Yara Praxair Holding AS joint venture to U.S.-based Praxair, Inc. for EUR 300 million.
Reference is made to Yara's announcement on 15 September 2015. The planned completion date is 1 June 2016 (subject to relevant merger control procedures) with a provisionally estimated post-tax gain of EUR 150 million including the Yara Praxair Holding AS sale.
The sale also includes an agreement for Yara to supply Praxair with raw CO2, gas and continue to operate three of the CO2 liquefaction units which are integrated within Yara's fertilizer plants.
Thor Giæver, Investor Relations
Office: (+47) 24 15 72 95
Cellular: (+47) 48 07 53 56
Esben Tuman, Media Relations
Office: (+47) 24 15 70 26
Cellular: (+47) 90 50 84 00
Yara's knowledge, products and solutions grow farmers', distributors' and industrial customers' businesses profitably and responsibly, while nurturing and protecting the earth's resources, food and environment.
Our fertilizers, crop nutrition programs and technologies increase yields, improve product quality and reduce the environmental impact of agricultural practices. Our industrial and environmental solutions improve air quality by reducing emissions from industry and transportation, and serve as key ingredients in the production of a wide range of goods. We foster a culture that promotes the safety of our employees, contractors and societies.
Founded in 1905 to solve emerging famine in Europe, today, Yara has a worldwide presence, with close to 13,000 employees and sales to more than 150 countries.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.