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Yara completes acquisition of Bunge's fertilizer business in Brazil

1:30 AM MDT | August 9, 2013 | Deepti Ramesh

Yara International (Oslo) says it has closed the previously announced acquisition of Bunge's fertilizer business in Brazil, for $750 million, marking a major step forward for its growth ambitions in the region. Yara announced its plans for the acquisition last December and received approval for the acquisition in June 2013. Yara will consolidate the acquired business effective 1 August. The transaction comprises a net operating capital value of $385 million and other assets valued at $365 million, with the operating capital value subject to post-closing...

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