Suche
 
Folgen Sie uns auf:

Yara completes acquisition of OFD Holding Inc.

02.10.2014  |  Globenewswire Europe
Oslo, 2 October 2014: Yara International ASA has obtained relevant regulatory
approvals and closed the acquisition of OFD Holding Inc. (OFD) allowing the
integration process to start.

The OFD operations comprise production facilities in Cartagena, Colombia and
distribution companies across Latin America.

Regulatory approvals have been obtained in almost all jurisdictions, including
commitments which are not expected to materially impact the profitability of the
acquisition.

"We welcome the approvals from regulatory authorities which now allow us to
close the acquisition and start the integration process. This is an important
milestone which paves the way for Yara's further development in Latin America,
creating value for Yara's shareholders and contributing to agricultural,
industrial and mining sector growth in the region. I would like to welcome all
our new employees in Colombia, Costa Rica, Mexico, Bolivia, Peru and Panama,"
said Jørgen Ole Haslestad, President and Chief Executive Officer of Yara
International ASA.

The final enterprise value is USD 377 million, which is USD 47 million lower
than previously communicated, due to a correspondingly lower level of working
capital.

The transaction will be financed from the existing cash balance of Yara
International ASA.

OFD owns and operates a fertilizer production facility in Cartagena with an
annual capacity of approximately 320 kilotons (kt) compound NPK, 100 kt calcium
nitrate (CN) and 70 kt ammonium nitrate (AN), with integrated ammonia
production. OFD also controls approximately 700 kt of NPK blending capacity
across 12 sites and 100 kt liquid fertilizer capacity as part of its fertilizer
distribution network across Colombia, Mexico, Peru, Bolivia, Costa Rica and
Panama.

In 2013 OFD sold 1,211 kt of fertilizer, generating net revenues of USD 693
million and an EBITDA of USD 42 million. Yara confirms expected annual synergies
of USD 20 million.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



Contact

Thor Giæver, Investor Relations
Telephone: (+47) 24 15 72 95
Mobile: (+47) 48 07 53 56
E-mail thor.giaver@yara.com


Esben Tuman, Media Relations
Telephone: (+47) 24 15 70 26
Mobile: (+47) 90 50 84 00
Email: esben.tuman@yara.com

Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for the
growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.
www.yara.com



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Yara International ASA via GlobeNewswire
[HUG#1860199]
Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
Yara International ASA
Bergbau
A0BL7F
NO0010208051
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"