Yara International ASAOTCPK - Current
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  • Tue, Apr. 12, 4:00 AM
    • Danske Bank downgrades Yara International to Hold from Buy.
    • Price target NOK 335. Implied upside 8%.
    • Yesterday, HSBC downgraded Yara to Reduce from Hold and cut its price to NOK 285. Implied downside 8%. Firm said it expects fertilizer prices will remain depressed.
    • Now read Yara International's Q4 earnings call »
    | Tue, Apr. 12, 4:00 AM
  • Mar. 30, 2015, 10:59 AM
    • Yara International (OTCPK:YARIY, OTCPK:YRAIF) hires Svein Tore Holsether, the head of Swedish aluminum products company Sapa, as its new CEO.
    • The Norwegian fertilizer maker company originally had hired Norsk Hydro CEO Svein Richard Brandtzaeg for the job, but he withdrew before taking up the post when Yara began merger talks with CF Industries last September; during the talks, Yara fired its then-CEO Joergen Ole Hasslestad and promoted Torgeir Kvidal to acting CEO.
    • Kvidal now will return to his former position of CFO.
    | Mar. 30, 2015, 10:59 AM
  • Feb. 19, 2015, 7:09 AM
    • Yara (OTCPK:YARIY) and BASF (OTCQX:BASFY) are spending $600M to build an ammonia plant in Texas, located at BASF's industrial complex in Freeport.
    • The companies expect the 750K tonnes-per-year plant to be completed by the end of 2017.
    • Yara will own 68% of the project, while BASF will own 32%.
    | Feb. 19, 2015, 7:09 AM
  • 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
  • Jun. 23, 2014, 10:45 AM
    • Norway's government says it will retain its current holding in Statoil (STO), backing off a pre-election proposal to cut its stake to ~50% from the current two thirds of the shares.
    • Although the new Conservative government had pledged to reduce the state's role in the economy, the trade minister says STOl has a special place in Norwegian oil and gas policy and there's broad political agreement that the state should keep a majority stake.
    • The government also plans to keep stakes in fertilizer producer Yara (YARIY, YRAIF), aluminum producer Norsk Hydro (NHYDY) and bank DNB (DNHBY) at current levels.
    | Jun. 23, 2014, 10:45 AM | 4 Comments
  • Oct. 18, 2013, 8:49 AM
    • German chemicals firm BASF (BASFY.PK) and Norwegian fertilizer maker Yara (YARIY.PK, YRAIF.PK) are evaluating a potential joint investment in a "world scale" ammonia plant at the U.S. Gulf coast.
    • Yara, with its global ammonia network and market expertise, seeks to increase its presence in the U.S.; BASF, which has a strong U.S. presence, is currently a major user of ammonia for its U.S. downstream manufacturing activities and intends to further strengthen its backward integration.
    • Other fertilizer producers such as CF, MOS and AGU could see interest today on the news.
    | Oct. 18, 2013, 8:49 AM | 1 Comment