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Yara International ASA (YRAIF)

- OTCPK - Current
  • Thu, Feb. 19, 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%.
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  • 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.
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  • 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.
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  • 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.
    | 1 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.