Hydro’s huge deal cuts state’s stake

Industrial concern Norsk Hydro announced the biggest foreign acquisition in Norwegian history on Sunday, saying it had agreed to buy the Brazilian mining company Vale SA for nearly NOK 30 billion. The deal will cut the Norwegian government’s stake in Hydro. The state has long been a major owner in Hydro, but now will see […]

Yara drops huge takeover bid

It was expected to be the largest acquisiton in Norwegian history, but on Friday fertilizer giant Yara International felt compelled to abandon its bid to take over US rival Terra. Another rival came along and offered much more, and Yara opted out. The Oslo-based company, one of Norway’s most international in scope, was left with […]

Yara ponders competing bid for Terra

Executives at the big Norwegian fertilizer firm Yara remained mum on Thursday, as some analysts predicted their takeover bid for rival Terra Industries of the US would fizzle. At least Yara’s stock seemed to stabilize, after falling earlier in the week. Yara’s stock also fell two weeks ago when it announced what was said to […]

Critics question huge Yara takeover

Norwegian fertilizer company Yara ASA launched one of the country’s biggest takeovers in history on Monday, agreeing to buy up US competitor Terra Industries for more than USD 4 billion (NOK 24 billion).