Yara Nederland B.V.'s ownership, after the completion of the Tender Offer, increases to 97.55 percent of the shares and votes in Kemira GrowHow Oyj, excluding the shares held by Kemira GrowHow Oyj. The ownership share referred above includes the shares acquired by Yara Nederland B.V. on 24 May 2007 from the State of Finland, representing 30.05 percent of all shares and votes in Kemira GrowHow Oyj.
The offer consideration shall, in accordance with the terms and conditions of the Tender offer, be paid on 9 October 2007, as estimated, and the interest accrued on the offer consideration on 11 October 2007, as estimated.
As Yara Nederland B.V.'s ownership in Kemira GrowHow Oyj, after the completion of the Tender Offer, exceeds 9/10 of the shares and votes in Kemira GrowHow Oyj, Yara Nederland B.V. will initiate a redemption proceeding concerning the remaining minority shares in Kemira GrowHow Oyj in accordance with the Finnish Companies Act. Yara Nederland B.V. may also acquire more Kemira GrowHow Oyj shares from the market.
Yara International ASA
Board of Directors
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Contact |
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 339 832
E-mail torgeir.kvidal@yara.com
Hamed Brodersen, Media Relations
Cellular (+47) 40 468 110
Yara International ASA is a leading chemical company that converts energy and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers and agronomic solutions, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that safeguard air and water purity and preserve food quality. Yara's global workforce of 7,000 employees represents great diversity and talent enabling Yara to remain a leading performer in its industry.
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