EuroChem completed its purchase of the European BASF fertilizer operations March 31. The Euro 830 million (US$1.1 billion) deal was concluded after antitrust authorities in Europe approved the deal.
The transfer includes plants for CAN/AN, NPK, nitrophosphoric acid and three nitric acid plants. The plants will be part of a new company, EuroChem Antwerp.
The deal solidifies EuroChem’s presence in Western Europe in an ever-expanding area of the fertilizer industry. It is already holds title to the fifth largest reserves of potash and is a major phosphate and nitrogen fertilizer producer.