Borealis Buys Fertilizer Company from Total

Borealis has, as expected, acquired fertilizer producer PEC-Rhin (Ottmarsheim, France) from GPN, a Total subsidiary. Financial terms of the deal were not disclosed. GPN became 100% owner of PEC-Rhin last month by purchasing BASF's 50% stake in the company. PEC-Rhin produces calcium ammonium nitrate and ammonium nitrate, as well as ammonia and nitric acid, at Ottmarsheim. Borealis made an offer last November to acquire PEC-Rhin from GPN. "PEC-Rhin, with its assets on the border between France and Germany on the Rhine River is complementary to our current...

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