Yara International, the world’s leading supplier of mineral fertilizers, announced the successful competition of its acquisition of the Tata Chemicals’ urea business last week. The deal was struck at Rs 2682 crore including transfer of all assets and liabilities.
The acquisition of Tata’s Babrala plant in Uttar Pradesh is the first foreign direct investment in the highly regulated urea sector.
Yara’s President and CEO Mr Svein Tore Holsether talked to Indian Cooperative.
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