Oslo-Yara International ASA and Praxair Inc have established the joint venture Yara Praxair. The agreement will result in a one-time net income for Yara of more than NOK 700 million, which will be booked in the fourth quarter 2007. The European Commission has cleared Praxair’s acquisition of a 50 percent stake in Yara’s industrial gases business. The final agreement for the 50-50 joint venture was completed Nov. 30, 2007. The intention of the JV is to jointly develop growth opportunities in the industrial gases sector in Scandinavia.
Transparency Across the Fertilizer Value-Chain