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Yara acquires Borealis’s stake in urea plant at Le Havre, France

2:33 AM MDT | June 17, 2014 | Deepti Ramesh

Borealis Chimie (Paris), a subsidiary of Borealis, has divested its stakes in the urea plant at Le Havre, in the northwest coast of France; and in a related ammonia storage facility at Gonfreville l'Orcher, France, to Yara. Borealis acquired Total's GPN (Paris) fertilizer business last year, including the 52.15% ownership in the Le Havre urea plant and a 37.50% stake in the related ammonia storage facility. GPN has been renamed Borealis Chimie. Yara currently holds a 47.85% stake in the 320,000-m.t./year urea production facility and a 100% stake in the...

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