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World News and Views :: Top of the News
Tata Chemicals to Invest in Fertilizer Complex in Gabon
9:04 AM MDT | April 11, 2011 | Deepti Ramesh
Tata Chemicals (Mumbai) says it will invest $290 million to acquire a 25.1% stake in stream one of a previously announced ammonia-urea complex at a port location in Gabon. Olam International (Singapore), a supply chain manager and processor of agricultural products and food ingredients, holds 62.9% stake in the project, and the government of Gabon holds 12%. Olam had announced last November that it has agreed to form an 80-20 joint venture with the government of Gabon to build the ammonia-urea complex. Olam and the government of Gabon had the option of...
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