Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Yara will Sell Assets to Secure Clearance for GrowHow Deal
8:52 AM MDT | October 3, 2007 | Ian Young
The European Commission has approved Yara International’s (Oslo) previously announced acquisition of Kemira GrowHow (Helsinki), subject to Yara divesting several assets (CW, May 30/June 6, p. 5). Yara and GrowHow are the biggest and second-biggest producers of fertilizers in Western Europe, respectively. Yara is the global leader in fertilizers. Yara’s €12.12/share purchase offer values GrowHow at €672 million ($947 million). Enger: Developing a world-class company. The commission launched an investigation into the proposed deal and...
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