M&A Deal Summary

EuroChem Group AG Acquires Yara International - Salitre phosphate mining project

On August 1, 2021, EuroChem Group AG acquired metals/mining company Yara International - Salitre phosphate mining project from Yara International for 410M USD

Acquisition Highlights
  • This is EuroChem Group AG’s 1st transaction in the Metals/Mining sector.
  • This is EuroChem Group AG’s largest (disclosed) transaction.
  • This is EuroChem Group AG’s 2nd transaction in Brazil.

M&A Deal Summary
Date 2021-08-01
Target Yara International - Salitre phosphate mining project
Sector Metals/Mining
Buyer(s) EuroChem Group AG
Sellers(s) Yara International
Deal Type Divestiture
Deal Value 410M USD

Target

Yara International - Salitre phosphate mining project

Minas Gerais, Brazil
Yara International's Salitre phosphate mining project is an advanced-stage integrated upstream phosphates project in southeastern Brazil. It comprises an open-pit phosphate mine with more than 350 million metric tonnes (MMT) of reserves, and a 1 MMT-per-year manufacturing plant for MAP/NP and SSP/TSP products which is due to come on stream in 2023. Yara International's Salitre phosphate mining project is based in Minas Gerais, Brazil.

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Buyer(S) 1

Buyer

EuroChem Group AG

Zug, Switzerland
Category Company
Founded 2001
Sector Chemicals
Employees23,400
DESCRIPTION

EuroChem Group AG is an agrochemical company, producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore.

DEAL STATS #
Overall 5 of 5
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 2 of 2
Country (Brazil) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-23 Severneft-Urengoy

Russia

Severneft-Urengoy holds the hydrocarbon exploration and production license for the West-Yaroyakhinskiy license area located in the Purovsky district of the Yamal-Nenets Autonomous Region in close proximity to our existing infrastructure.

Sell -

Seller(S) 1

SELLER

Yara International

Oslo, Norway
Category Company
Founded 1905
Sector Chemicals
Employees17,342
Revenue 15.4B USD (2023)
DESCRIPTION

Yara International is an entity which manufactures nitrogen chemicals worldwide. Yara was founded in 1905 and is based in Oslo, Norway.

DEAL STATS #
Overall 6 of 6
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 3 of 3
Country (Brazil) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-08 Qatar Fertiliser Company

Doha, Qatar

Qatar Fertiliser Company (QAFCO) is a world-class fertilizer producer. QAFCO country's first large-scale venture in the petrochemical sector, QAFCO was established to diversify the economy and utilize the nation's enormous gas reserve. QAFCO is currently owned 75% by Industries Qatar (IQ) and 25% by Yara Netherland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Ecolan

Tampere, Finland

Ecolan enables the sustainable growth and development of customers and the living environment. The company processes products from industrial by-products into forestry and agriculture, construction, and environmental management. High-quality domestic Ecolan Silva ash nutrients effectively meet all the nutrient needs of the forest at different stages of its growth. High-quality domestic Ecolan Infra lightweight aggregates are a solution for sustainable construction. Ecolan Agr fertilizers have been developed to be suitable for organic farming. They act as a supplementary fertilizer in organic farming combined with crop rotation and legume cultivation according to the cultivation plan. The basic raw material for fertilizers is Finnish meat and bone meal, which is rich in nitrogen, phosphorus, and potassium. Ecolan was formed in 1995 and is based in Tampere, Finland.

Buy -
Mergr

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