December 10, 2012

Yara buys Bunge's fertiliser business in Brazil

In order to strengthen its fertiliser position in the country, Yara International ASA has entered into an agreement to acquire Bunge's fertiliser business in Brazil.

The proposed transaction is valued at US$750 million, and will be subject to the approval of Brazilian competition authorities (CADE) and other customary approvals. Yara and Bunge have also agreed to enter into a long-term fertiliser supply agreement, enabling Bunge to continue supplying fertiliser to farmers as part of its grain origination activities and creating a framework for logistics and other commercial activities.

With this agreement, Yara reinforces its position as a significant fertiliser company in Brazil, with a well-anchored local commitment combined with global leadership in safe and reliable production and the largest fertiliser trade network globally. This positions Yara as a key enabler for competitive fertiliser supply to Brazil and future fertiliser growth opportunities in the country.