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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

K+S Sells Nitrogen Business To Eurochem

7:25 AM MDT | May 11, 2012 | —Rebecca Coons and Sotirios Frantzana

Eurochem (Moscow) says it has signed an agreement to acquire K+S’s (Kassel, Germany) nitrogen fertilizer business 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 K+S. The former BASF plants at Antwerp produce calcium ammonium nitrate-ammonium nitrate (CAN-AN) fertilizers, Nitrophoska-brand fertilizers, and nitrophosphoric acid, and supply them exclusively to K+S...

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