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Yara receives approval for acquisition of Bunge's fertilizer business in Brazil

7:36 AM MDT | June 5, 2013 | Deepti Ramesh

Yara International (Oslo) says that the Brazilian Administrative Council for Economic Defence (CADE) has approved Yara's previously announced acquisition of Bunge's fertilizer business in Brazil, allowing Yara to proceed with completing the $750-million transaction and integration process. Plans for the acquisition were first announced in December 2012. CADE's approval of the acquisition was announced on 16 May, with a subsequent 15-day filing period for possible objections, which expired without any such objections, Yara says. The acquisition is expected to...

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