Yara completes sale of its European CO2 business

Posted On 20 Jun 2016
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business_crop_protection_yara_storag-400x220OSLO, Norway: Yara International ASA has completed the sale of its European CO2 business and its remaining 34% stake in the Yara Praxair Holding AS joint venture to U.S.-based Praxair, Inc. for EUR 300 million.

Reference is made to earlier Yara announcements on 15 September 2015 and 20 April 2016. The sale was completed on 1 June 2016 and will generate an estimated post-tax gain of EUR 150 million including the Yara Praxair Holding AS sale.

 

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