Yara acquires remaining 50% of Balderton Fertiliser

(Thomson Reuters ONE) - Oslo (2010-01-28): Yara International ASA has acquired the remaining 50%ownerships in the Geneva-based Balderton Fertilisers SA for USD 130 million, andowns 100% of the company after the transaction. The full ownership will simplifyand increase the integration and optimization of Balderton Fertiliser in Yara,and support further growth through improved sourcing capabilities and positiontaking.Balderton is a leading fertilizer trading company in Europe trading 4.1 and 2.9million tons of various products in 2008 and 2009 respectively, with a totalturnover of USD 2.3 billion in 2008 and USD 0.8 billion in 2009. Balderton'sstrong positions in the FSU, Mediterranean, Asia and Africa compliment Yara'spositions and distribution system throughout the world.Balderton Fertilisers' average annual EBITDA for 2007-09 was USD 35 million. ContactTorgeir Kvidal, Investor RelationsTelephone  (+47) 24 15 72 95Cellular (+47) 91 339 832E-mail torgeir.kvidal(at)yara.com Asle Skredderberget, Media RelationsCellular (+47) 41 44 36 10E-mail asle.skredderberget(at)yara.com Yara International ASA is the world's leading chemical company that convertsenergy, natural minerals and nitrogen from the air into essential products forfarmers and industrial customers. As the number one global supplier of mineralfertilizers, we help provide food for a growing world population. Our industrialproduct portfolio includes environmental protection agents that prevent airpollution. Yara's global workforce of 8000 employees represents the greatdiversity and knowledge that enables Yara to remain a leading performer in theindustry.www.yara.com This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1377980]

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Datum: 28.01.2010 - 02:04 Uhr
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