Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Yara International ASA
  6. News
  7. Summary
    YAR   NO0010208051


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Yara International : continues its transformation with divestment of Salitre phosphate mining project in Brazil

08/01/2021 | 03:00pm EDT

Oslo, 1 August 2021: Yara has signed a Share Purchase Agreement with EuroChem to sell its Salitre phosphate mining project for a cash consideration of USD 410 million.

Yara’s ongoing transformation has a strategic focus on food solutions, premium products and enabling the hydrogen economy. Salitre remains an attractive project, but as previously communicated the project progress has been impacted by Covid 19, and significant construction time and capital expenditure remains to reach completion. The Salitre divestment therefore supports Yara’s transformation by reallocating capital and risk appetite in the coming years towards Yara’s strategic focus areas.

“This transaction allows us to further sharpen our strategic focus, based on our strong competitive edges. Yara Brazil will continue to play an essential role in this growth agenda, and this transaction enables that growth to be driven with a sharper downstream focus,” said Svein Tore Holsether, President and Chief Executive Officer of Yara.

Yara entered into the Salitre project in 2014, and its assets comprise phosphate mining operations, including tailing dam, with an annual production capacity of approximately 1,200 kt of phosphate rock and an on-going project to construct phosphate processing operations with a projected production capacity of approximately 1,000 kt per annum at completion. The estimated capital expenditure required to reach completion is of a similar magnitude to the divestment value.

Following the decision to divest, it is expected that the impacted assets will be classified as a held-for-sale disposal group in the third quarter 2021 and that an impairment charge of approximately USD 400 million will be recognized in the same quarter.

The transaction is expected to be completed in approximately six months, and is conditional on obtaining necessary local regulatory approvals and customary closing conditions.


Silje Ingeberg Nygaard, Acting Head of Investor Relations
Mobile: (+47) 957 04 843
E-mail: Silje.ingeberg@yara.com

Kristin Nordal, Media Relations
Mobile: (+47) 900 15 550
E-mail: kristin.nordal@yara.com

Thor Giæver, CFO
Mobile: (+47) 480 75 356
E-mail: thor.giaver@yara.com

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Silje Ingeberg Nygaard, Acting Head of Investor Relations at Yara International ASA, on 1 August 2021 at 21:00 CEST.

About Yara

Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.

To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming, and work closely with partners throughout the food value chain to improve the efficiency and sustainability of food production. Through our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.

Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. We operate an integrated business model with around 17,000 employees and operations in over 60 countries, with a proven track record of strong returns. In 2020, Yara reported revenues of USD 11.6 billion.


This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

© OMX, source GlobeNewswire - EU Press Releases

09/22Britain tells its food industry to prepare for CO2 price shock
09/22Soaring gas prices ripple through heavy industry, supply chains
09/22YARA INTERNATIONAL : Birkeland Prize awarded to Dr. Jabir Ali Ouassou
09/22YARA INTERNATIONAL : Britain tells its food industry to prepare for CO2 price shock
09/20Norway promises Europe more gas as prices soar
09/20YARA INTERNATIONAL : brings ammonia to Europe after gas price hike, CEO says
09/17YARA INTERNATIONAL : UK's meat industry warns CO2 shortage could hit food supplies
09/17YARA INTERNATIONAL : Share purchase by Yara Board member
09/17Yara Cuts Ammonia Production on Rising Natural-Gas Prices -- Commodity Comment
09/17YARA : UBS reiterates its Neutral rating
More news
Analyst Recommendations on YARA INTERNATIONAL ASA
More recommendations
Sales 2021 126 B 14 705 M 14 705 M
Net income 2021 9 371 M 1 092 M 1 092 M
Net Debt 2021 28 591 M 3 331 M 3 331 M
P/E ratio 2021 11,6x
Yield 2021 10,2%
Capitalization 109 B 12 702 M 12 744 M
EV / Sales 2021 1,09x
EV / Sales 2022 1,13x
Nbr of Employees 15 552
Free-Float 61,2%
Duration : Period :
Yara International ASA Technical Analysis Chart | YAR | NO0010208051 | MarketScreener
Technical analysis trends YARA INTERNATIONAL ASA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 429,40 NOK
Average target price 457,02 NOK
Spread / Average Target 6,43%
EPS Revisions
Managers and Directors
Svein Tore Holsether President & Chief Executive Officer
Lars R°sŠg Chief Financial Officer & Executive Vice President
Trond Berger Chairman
Geir Olav Sundb° Independent Director
Rune Asle Bratteberg Independent Director
Sector and Competitors