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Yara International Closes Acquisition of Vale Cubatão Fertilizantes Complex in Brazil
Thursday 17 May 2018

17 May 2018 - Norway-based chemical company Yara International ASA has closed its acquisition of the Vale Cubatão Fertilizantes complex, strengthening Yara's integrated position in Brazil, the company said.

The Cubatão asset is a nitrogen and phosphate complex with an annual production capacity of approximately 200 kilotons of ammonia, 500 kilotons of nitrates and 700 kilotons of phosphate fertilizer. The complex employs approximately 1,015 permanent and 970 contracted employees.

This transaction is valued at USD 255m, with the operating capital value subject to post-closing adjustment.

Yara will consolidate the acquired business effective 15 May 2018, including possible goodwill, and measure all identifiable assets acquired and liabilities assumed at their acquisition-date fair values.
Date Published: 17/05/2018
Target: Vale Cubat, ão Fertilizantes complex
Country: Brazil
Deal Size: 255m (USD)
Sector: Chemicals
Type: Corporate Acquisition
Financing: Cash
Status: Closed
Buyer: Yara International