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Yara International ASA ADR (YARIY)

- OTCPK - Current
  • Oct. 16, 2014, 6:35 PM
    • CF Industries (NYSE:CF) and Yara International (OTCPK:YARIY) have terminated merger talks that would have created the world's largest maker of nitrogen-based crop nutrients.
    • “Although we identified very significant operational and structural synergies, we were ultimately unable to agree on terms of a transaction that met the requirements of all our respective shareholders,” CF says.
    • CF and Yara said Sept. 23 that talks toward a “merger of equals” were at an early stage.
    • CF -3.1% AH.
    | Oct. 16, 2014, 6:35 PM | 4 Comments
  • Oct. 7, 2014, 7:52 AM
    • Yara International (OTCPK:YARIY) says Jorgen Ole Haslestad has resigned as CEO amid merger talks with CF Industries (NYSE:CF), and has appointed Torgeir Kvidal as acting CEO.
    • Yara and CF Industries said last month they were in merger talks to form the world's biggest producer of nitrogen fertilizers, but Yara says Haslestad "would not have a role in a potential merged company."
    • Kvidal has been Yara's CFO since 2012 and joined Norsk Hydro in 1991, before the Yara de-merger in 2004; Haslestad has been CEO since 2008, and had said he planned to retire when Yara appointed a new CEO.
    | Oct. 7, 2014, 7:52 AM | 3 Comments
  • Sep. 23, 2014, 5:58 PM
    • Talks that could lead to the creation of a new fertilizer producing giant are the latest example of how the boom in natural gas from fracking is transforming not just the world of U.S. energy but other industries too, a Bloomberg analysis says.
    • CF Industries (NYSE:CF) and Yara International (OTCPK:YARIY) said today they’re in preliminary talks about a merger, and both companies use gas to capture nitrogen from the air to make crop nutrients; the advantage of doing that in the U.S. is stark, as CF’s operating profit margin was 43% last year vs. Yara’s 9.2%.
    • Yara needs to have a meaningful business in the U.S. to become a global player; CF’s motivation in talking to Norway-based Yara may be to expand beyond the U.S. in anticipation of rising domestic fertilizer supplies, which may put pressure on prices.
    • A combined CF-Yara would have ~$19B in sales, more than any other fertilizer company.
    | Sep. 23, 2014, 5:58 PM | 2 Comments
  • Sep. 23, 2014, 7:20 AM
    • Yara International (OTCPK:YARIY) is in talks with CF Industries (NYSE:CF) about a possible merger of equals, a deal that would create a fertilizer giant with a market value of over $27B.
    • "The discussions are at an early stage, and there can be no assurances that these discussions will result in any transaction," says Yara in a filing.
    • Norway's government and possibly parliament would have to approve of any deal, as the state holds 36.2% of Yara, plus an additional 5% through state pension fund Folketrygdfondet.
    | Sep. 23, 2014, 7:20 AM | Comment!
  • Dec. 7, 2012, 6:36 AM
    Bunge (BG) is selling its Brazilian fertilizer business, including 22 blending facilities, brands and warehouses, to Norway's Yara (YARIY.PK) for $750M in cash. Bunge will continue to supply farmers with fertilizer, but the deal will allow it to focus on its agribusiness ops. (PR)
    | Dec. 7, 2012, 6:36 AM | Comment!
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Company Description
Yara is a chemical company with fertilizer application as its biggest market. Yara converts energy and nitrogen from the air into useful products for farmers and industrial customers.