EuroChem completes acquisition of K+S Nitrogen

Moscow and Kassel – EuroChem and K+S Group on July 2 announced the successful completion of the acquisition of K+S Nitrogen by EuroChem. The sale of K+S’ nitrogen fertilizer distribution business to EuroChem was approved by the European Union antitrust authority on June 25, 2012. “The acquisition of K+S Nitrogen is the latest step in our strategy to expand EuroChem’s geographic footprint and move closer to our end-users, while further bolstering our product offering,” commented Valery Rogalskiy, EuroChem sales director. K+S plans to focus on its potash, magnesium and salt businesses. As a result, K+S sold the business activities of COMPO to the investment company Triton last year and announced the sale of K+S Nitrogen to EuroChem May 8, 2012.