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Hitt og þetta 4. september 2006

Yara International ASA acquires stake in Swiss trading company

Nordic Business Report-September 4, 2006-Yara International ASA acquires stake in Swiss trading company
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The Norwegian mineral fertilisers manufacturer Yara International ASA said on Monday (4 September) that it has acquired a 50% ownership interest in Swiss fertiliser and ammonia trading company Balderton Fertilisers SA.

The financial details of the deal were not disclosed.

Balderton Fertilisers is one of Europe's leading fertiliser trading companies with strong positions in the Black Sea region, the Mediterranean and Africa.

"After successfully having done business together for many years, both companies wanted a closer cooperation in order to support the continued profitable growth of both companies," said Thorleif Enger, president and CEO of Yara International.

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