Russian fertiliser producer OAO Minudobreniya (“Rossosh”) will sell a 30% stake in their company to Yara.
The agreement includes a minority stock acquisition, technology transfer and the integration of Rossosh into Yara’s planning and marketing operations.
The alignment with Rossosh will strengthen their position in the fertiliser industry, representing a greater presence within the global market of all three nutrients (NPK). Rossosh will be especially important for Yara’s development in key Asian markets such as China, Thailand and Indonesia.
Commenting on the acquisition, Thorleif Enger, President and CEO of Yara said, “With Rossosh we have found a good partner with a production platform built on Yara technology. Combining Yara's global reach with Rossosh' strong operational platform creates a win-win partnership.
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