German China India

Brazil: Fertilisers

Yara International Closes Acquisition of Vale Cubatão Complex for 255 Million Dollars

| Editor: Ahlam Rais

The acquisition brings nitrogen production assets into the company’s growing portfolio in Brazil.
Gallery: 1 image
The acquisition brings nitrogen production assets into the company’s growing portfolio in Brazil. (Source: Deposit Photos)

The nitrogen and phosphate complex produces an annual production capacity of 200 kilo tonnes of ammonia, 500 kilo tonns of nitrates and 700 kilo tonnes of phosphate fertiliser. The acquisition aims at strengthening the company’s position in Brazil.

Oslo/Norway – Yara International has closed its acquisition of the Vale Cubatão Fertilizantes complex, strengthening the company’s integrated position in Brazil. The acquisition marks the start of an exciting new phase in Brazil for the firm as the acquisition brings nitrogen production assets into its growing portfolio in Brazil, strengthening and growing its integrated position within both industrial and fertilizer.

The Cubatão asset is a nitrogen and phosphate complex with an annual production capacity of approximately 200 kilo tonnes of ammonia, 500 kilo tonns of nitrates and 700 kilo tonnes of phosphate fertilizer. The complex employs approximately 1,015 permanent and 970 contracted employees.

The transaction is valued at 255 million dollars, with the operating capital value subject to post-closing adjustment. The firm will consolidate the acquired business effective May 15, 2018, including possible goodwill, and measure all identifiable assets acquired and liabilities assumed at their acquisition-date fair values.

Comments are being loaded ....

Leave a comment

The comment is checked by an editor and will be released soon.

  1. Avatar
    Avatar
    Edited by at
    Edited by at
    1. Avatar
      Avatar
      Edited by at
      Edited by at

Comments are being loaded ....

Report comment

Kommentar Freigeben

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

Freigabe entfernen

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

copyright

This article is protected by copyright. You want to use it for your own purpose? Infos can be found under www.mycontentfactory.de (ID: 45304293 / Pharma & Food)