London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

Oslo-Based Yara Boosts its Ownership in Australian BHL

February 06/2012

(chemmonitor) -- The Oslo-headquartered (Norway) chemical giant Yara International ASA (Yara) acquired an additional stake in Perth-based (Australia) fertilizer company Burrup Holdings Limited (BHL).


The buyer paid a total of USD 143 million, raising its ownership in BHL from 35% to 51%. Meanwhile, the remaining stake of 49% was bought by a division of Houston-based (Texas, USA) Apache Corporation Apache Energy Ltd., which signed a new shareholders contract with Yara.

The agreement allows Yara (75.5% ownership) and Apache (24,5% ownership) to work together on the planned Burrup Nitrates project involving the construction of a 330,000 mtpa technical ammonium nitrate (TAN) unit, to be later renamed into Yara Pilbara.
Author:Anna Larionova
Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe