Yara acquires remaining 50% of Balderton Fertiliser
Yara International ASA has acquired the remaining 50% ownerships in the Geneva-based Balderton Fertilisers SA for USD 130 million, and owns 100% of the company after the transaction. The full ownership will simplify and increase the integration and optimization of Balderton Fertiliser in Yara, and support further growth through improved sourcing capabilities and position taking.
Balderton is a fertilizer trading company in Europe trading 4.1 and 2.9 million tons of various products in 2008 and 2009 respectively, with a total turnover of USD 2.3 billion in 2008 and USD 0.8 billion in 2009. Balderton's strong positions in the FSU, Mediterranean, Asia and Africa compliment Yara's positions and distribution system throughout the world.
Balderton Fertilisers' average annual EBITDA for 2007-09 was USD 35 million.
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