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People & Business :: M&A
K+S Sells Nitrogen Business to Eurochem
4:01 PM MDT | May 8, 2012 | Rebecca Coons
Eurochem (Moscow) says it has signed an agreement to acquire K+S's nitrogen fertilizer for €140 million ($182 million). The sale is the “best option” for K+S and K+S Nitrogen employees following Eurochem’s recent acquisition of BASF’s fertilizer activities at Antwerp, says Norbert Steiner, chairman of the Board of Executive Directors of K+S. The former BASF plants produce calcium ammonium nitrate-ammonium nitrate (CAN-AN) fertilizers, Nitrophoska-brand fertilizers, and nitrophosphoric acid, and under a contract...
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