Arab Today, arab today us norway fertiliser giants mull merger of equals
Last Updated : GMT 17:50:02
Arab Today, arab today
Arab Today, arab today

US, Norway fertiliser giants mull 'merger of equals'

Arab Today, arab today

Arab Today, arab today US, Norway fertiliser giants mull 'merger of equals'

Two of the world's largest fertiliser companies, US-based CF
Oslo - AFP

Two of the world's largest fertiliser companies, US-based CF Industries and Norway's Yara International, announced Tuesday that they were discussing "a potential merger of equals" to create a new group.
"The discussions are at an early stage, and there can be no assurances that these discussions will result in any transaction," Yara International said in a statement which was echoed in a similar declaration by CF Industries.
The announcement boosted Yara stocks by 8.69 percent in morning trading on the Oslo Stock Exchange. CF Industries is listed on the New York Stock Exchange.
"This is clearly an interesting combination that would give the new group access to North America and Europe", two major markets for mineral fertilisers, Daniel Johansson, an analyst at Fondsfinans, told AFP.
Yara has sought for some time to expand in North America where CF Industries owns seven major nitrogen fertiliser plants.
In 2010 the Norwegian company lost a bid to take over the US fertiliser company Terra which CF Industries bought for $4.7 billion (3.6 billion euros).
Today CF Industries is worth $12.7 billion, slightly less than Yara, which was valued at $13.6 billion on the Oslo Stock Exchange before opening.
The Norwegian government owns 36.2 percent of Yara and has a stated policy of reducing government ownership in some companies.
However a spokesman said there was no decision yet on whether the state would approve a merger.
"We are aware that discussions are taking place but we point out that we have not taken a position in this matter," said Trond Viken at Norway's Ministry of Trade and Industry.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us norway fertiliser giants mull merger of equals Arab Today, arab today us norway fertiliser giants mull merger of equals

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday