Merger talks discontinued between CF Industries and Yara International
Published: Friday, 17 October 2014
A merger between CF Industries and Yara International would have created a nitrate fertiliser company close to the size of PotashCorp. Yara could have benefited significantly from CF’s access to low US gas prices in the deal. This, combined with the loss of its CEO and incoming CEO, will render the ending of the talks a big disappointment to Yara.
US-based CF Industries has concluded its unsuccessful merger
talks with Norwegian firm Yara International, with both
companies citing investor and shareholder difficulties.
If unified, the companies would have rivalled
PotashCorp. in fertiliser sales volumes and market
Although we identified very significant operational
and structural synergies, we were ultimately unable...