Yara seeks arbitration with Acron

Oslo-Yara International ASA has confirmed that it has sought arbitration in Stockholm with Russia’s Acron. The two share ownership of Nordic Rus Holding ?Çô 49 percent for Yara, 51 percent Acron. Nordic oversees Yara/Acron interests in the Russian firm Apatit; Yara’s interest in Apatit is 8.2 percent. Yara says Acron has treated Nordic Rus as a wholly-owned subsidiary and exercised influence over Apatit with no regard for Yara’s requests or interest. After repeated attempts to get Acron to change, Yara said it was compelled to seek arbitration.