Norwegian Government positive to participate in rights issue in Yara International ASA
Yara announced today that the company has signed a cash merger agreement with the North-American fertilizer company Terra Industries Inc. The transaction is planned to be supported by a rights issue of USD 2.0-2.5 billion. The Norwegian Government is, under certain conditions, positive to participate in the rights issue in Yara.
“Yara is a world leader in its industry and an important Norwegian company. Yara has been a good investment for the Norwegian state, and we support investments which ensure continued industrial growth in the company,” Trond Giske, Minister of Trade and Industry, says.
Participation in the rights issue is based on several conditions: Parliamentary approval, that the terms of the issue are acceptable and commercial, and that no new material information is revealed before closing.
Source: Ministry of Trade and Industry