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Yara acquires minority interests of Brasilian Galvani Indústria
October 8, 2018

According to a stock exchange announcement, Yara has entered into an agreement to acquire the minority interests in Galvani Indústria, Comércio e Serviços SA from the Galvani family. Following the transaction, Yara Brasil will own 100% of the industrial unit in Paulínia, a fertilizer bulk blend facility and the Serra do Salitre project, while some of the assets will be transferred to the Galvani family. The agreement includes a cash payment of USD 70m over a 3-year period from closing. Yara owned 60 % in Galvani prior to the acquisition.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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