Yara International ASA is to withdraw from Cameroon following a deal to sell its 65% stake in Yara Cameroon to NJS Group, a minority shareholder in the Cameroon firm since its inception.
Yara Cameroon imports and distributes NPK and calcium nitrate fertilizers. The 65% stake was held by Yara International France. The sale will give NJS full control of the Cameroon company
According to a North Africa Post report, the two parties have concluded an exclusive distribution agreement for premium NPK fertilizers, YaraMila, and YaraLiva Nitrabor calcium nitrate.