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.
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.
Sector: Consumer Goods
Industry: Food - Major Diversified
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