Oslo, 1 December 2014: Yara International ASA has obtained relevant regulatory approvals to acquire a 60% stake in Galvani Indústria, Comércio e Serviços S/A ("Galvani") allowing the integration process to start.The Galvani operations comprise phosphate mining, Single Super Phosphate (SSP) production and distribution of fertilizers in the center and northeast of Brazil. Galvani also owns licenses for two new greenfield [...]
Oslo, 22 October 2014: Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price."Yara reports a strong third-quarter result with record deliveries, reflecting both organic growth and the Bunge acquisition in Brazil," said Torgeir Kvidal, Acting Chief Executive Officer of Yara."Our European production plants performed well [...]
Oslo, 22 October 2014: The Board of Yara International ASA has approved an investment of NOK 2,250 million (USD 350 million) to increase value-added fertilizer capacity in the Porsgrunn plant in Norway.The investment, will add 50 kilotons of compound NPK annual capacity and 200 kilotons of calcium nitrate annual capacity. In addition, the investment will enable optimization of production in Yara's Glomfjord and [...]
Yara International ASA third quarter 2014 results will be released on Wednesday 22 October 2014. The results will be available at www.yara.com from 08:00 CEST.The results will be presented at 09:30 CEST by President and CEO Torgeir Kvidal and CFO Thor Giæver. The presentation will take place in the Auditorium in Drammensveien 131 and will be webcast at www.yara.com. The presentation will be held in English.There will also [...]
Oslo, 13 October 2014: Yara International ASA and CF Industries have terminated their discussions regarding a potential merger of equals transaction. "This has been a constructive process, with solid work by both parties. We were able to identify significant structural and operational synergies, but in the end it became clear that we would not be able to agree on terms that would be acceptable to all stakeholders," said [...]
Oslo, 13 October 2014: Giæver has served as Head of Investor Relations and Company Secretary since May 2011 and was Head of Controlling & Risk Management from 2009 to 2011, having joined Yara in 2004. He holds a BSc (Hons) degree from the School of Management, University of Bath, UK.Anders Lerstad is appointed Acting Head of Investor Relations and Company Secretary. Lerstad has broad experience from several positions in [...]
Oslo, 7 October 2014: Torgeir Kvidal is appointed Acting CEO effective 7 October 2014, and Jørgen Ole Haslestad has resigned as Yara CEO."Yara's Board have concluded that Haslestad is not the right person to lead the company going forward, also in light of the on-going talks with CF Industries. Haslestad would not have a role in a potential merged company," says Leif Teksum, Chairman of the Yara Board of Directors."I [...]
Oslo, 7 October 2014: Torgeir Kvidal is appointed Acting CEO effective 7 October 2014, and Jørgen Ole Haslestad has resigned as Yara CEO.
"Yara's Board have concluded that Haslestad is not the right person to lead the company going forward, also in light of the on-going talks with CF Industries. Haslestad would not have a role in a potential merged company," says Leif Teksum, Chairman of the Yara Board of Directors [...]
Oslo, 2 October 2014: Yara International ASA has obtained relevant regulatory approvals and closed the acquisition of OFD Holding Inc. (OFD) allowing the integration process to start.
The OFD operations comprise production facilities in Cartagena, Colombia and distribution companies across Latin America.
Regulatory approvals have been obtained in almost all jurisdictions, including commitments which are not expected to [...]
Yara International ASA third quarter 2014 results will be released on Wednesday 22 October 2014. The results will be available at www.yara.com from 08:00 CEST.
The results will be presented at 09:30 CEST by President and CEO Jørgen Ole Haslestad and CFO Torgeir Kvidal. The presentation will take place in the Auditorium in Drammensveien 131 and will be webcast at www.yara.com. The presentation will be held in English [...]
Oslo, 26 September 2014: Svein Richard Brandtzæg has notified the Board of Yara International ASA that he will not assume the position as CEO of the company.
"The Board regrets Brandtzæg's decision, but must accept the situation," says Leif Teksum, Chairman of the Yara Board of Directors.
"Jørgen Ole Haslestad continues as CEO until further notice. Yara's Board will now re-start the process of identifying [...]
Oslo, 23 September 2014: Yara International ASA confirms it is in discussions with CF Industries regarding a potential merger of equals transaction. The discussions are at an early stage, and there can be no assurances that these discussions will result in any transaction.