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Mergers & Acquisitions | 8 May 2012

Yara Nederland Acquires Seftech Phosphate's Stake In Ethiopotash B.V

by Charmi Gutka
Yara Nederland Acquires Seftech Phosphate's Stake In Ethiopotash B.V
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Yara Nederland B.V. has acquired majority stake in Netherlands based of Ethiopotash B.V from existing shareholders, Seftech Phosphate Private Limited and XLR Capital Cyprus Ltd.

According to the press release, this transaction consisted of the following tranches of share acquisition:

- Transfer of 17.22% shares held by Seftech Phosphate Limited to XLR, as per the terms of the original shareholders agreement;

- Transfer of 8.33% shares held by Seftech Phosphate Limited to Yara Nederland B.V.; and

- Transfer of 25.55% shares held by XLR to Yara Nederland B.V.

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