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Yara applies for tender documents in Ukrainian privatisation


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Copyright © Hugin AS 2009. All rights reserved.
2009-09-14 09:06:01 -


London, September, 14, 2009
Oslo (2009-09-14): Yara International ASA has, through a subsidiary,
on Friday, 11 September 2009 applied to the State Property Fund of
Ukraine (SPFU) for receiving the documents for the tender announced
by SPFU for the privatisation of Odessa Port Plant (OPP) to be held
on September 29.


Yara has filed this application as a member of a consortium also
comprising Kulczyk Holding S.A., representing a privately owned
investment group, and the Libyan Investment Authority (LIA), an
investment fund being 100% owned by the Libyan Government. The filing
is only to pre-qualify the consortium for a possible participation in
the tender and implies no binding obligations on any of the parties
to the consortium. Should the consortium decide to participate in the
tender, Yara will hold a minority position in the possible buyer of
OPP.

OPP owns and operates two ammonia and two urea plants in Yuchny,
Ukraine, with combined annual capacities of approx. 1.1 million
tonnes of ammonia and 0.9 million tonnes of urea. In addition OPP
owns and operates a major terminal for ammonia and urea, exporting
products produced by other Ukrainian plants as well as by some
Russian plants.




Contact


Torgeir Kvidal, Investor Relations
Telephone  (+47) 24 15 72 95
Cellular (+47) 91 339 832
E-mail torgeir.kvidal@yara.com

Bente Slaatten, Media Relations
Cellular (+47) 91 60 62 15
E-mail bente.slaatten@yara.com


Yara International ASA is the world's leading chemical company that
converts energy, natural minerals and nitrogen from the air into
essential products for farmers and industrial customers. As the
number one global supplier of mineral fertilizers, we help provide
food for a growing world population. Our industrial product portfolio
includes environmental protection agents that prevent air pollution.
Yara's global workforce of 8000 employees represents the great
diversity and knowledge that enables Yara to remain a leading
performer in the industry.
www.yara.com


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