Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian Largest Fertilizer Producer is to Buy Plants in France and Belgium
28.09.2011 16:27
Russian Largest Fertilizer Producer is to Buy Plants in France and Belgium

Russian agrochemical holding EuroChim, owned by Andrey Melnichenko, intends to acquire BASF’s fertilizer assets located in Belgium and France.

      
 

      
OJSC “Mineral and Chemical Company “EuroChem” announced its intent to acquire 100% of BASF’s fertilizer assets located in Antwerp, Belgium. EuroChem also intents to acquire BASF’s 50% stake in the PEC-Rhin Joint Venture in Ottmarsheim, France (“PEC-Rhin”). PEC-Rhin is a joint venture between BASF and France’s GPN, a Total SA subsidiary. The total value of the transaction is estimated about EUR 700 million.

      
The assets, which have a combined annual production capacity of approximately 2.5 million metric tonnes of fertilizer, include CAN / AN (calcium ammonium nitrate / ammonium nitrate), Nitrophoska® fertilizers, nitrophosphoric acid, and three nitric acid plants in Antwerp and CAN / AN fertilizers, and ammonia and nitric acid facilities at PEC-Rhin.

      
“The acquisition of BASF’s fertilizer complex in Antwerp is a major milestone in EuroChem’s growth strategy to enhance its exposure to the European market. These high-quality assets will provide us with added-value production coupled with strategic logistics positioning. The same would be true for the 50% share of PEC-Rhin,” commented  Dmitry Strezhnev, EuroChem CEO.

      
EuroChim is the largest fertilizer producer in Russia. In 2010 the company sold out 8.1 mln tons of fertilizer.

      

www.lenta.ru


Author: Irina Fomina

Tags: Russia Russian business Russian companies   

Next Previous


You might also find interesting:

Yandex Payment System Connected Its Cards to Apple Pay Service
15.11.2016
Sberbank Will Cooperate With Mizuho Bank In Innovative Solutions
15.12.2016
Israeli Partners Will Invest In Russian Agricultural Projects
16.03.2017
Harvesting Of Early Grains Finished In Rostov Oblast
22.08.2017
VoiceOver Guide Will Help Visual Impairment To Use Bank Applications
14.02.2017



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Cyprus banking crisis  Painting  biology  Russian history  Zavolzhye  Archeology  Russian education  Crimea  Russian Literature  Moscow actions  Finam Aerodrome  Valentin Serov  biodiesel  Russian opera singers  Russian Ballerinas  tourist passport  Russian traffic  Syria  Russian sport transfers  Exhibitions in Moscow  Glonass  Arctic  Russian exhibitions  the Soviet Union  Russian travel industry  Sochi Park  Bashkiria  Serebryany Ruchei   Sakhalin  Classical Music  Russian telecom companies  Vinzavod  Moscow  Russian alpinism  Colours Festival   Russian Composers  Dima Yakovlev Law  migrant workers  MTS   Russian schools  Russian business  Zenit St. Petersburg  Comics  Mercedes-Benz Fashion Week Russia  Theaters of Russia  National Library of Russia  Mariinsky theatre  Russian Cinema  Power plant   Russian tourism 


Travel Blogs
Top Traveling Sites