Yara’s full legal ownership interest in LIFECO together with all economic rights and all obligations and liabilities attaching or relating thereto are transferred to NOC as of
Prior to this agreement, Yara owned 50% of LIFECO, while NOC and LIA each held a 25% stake. Yara’s book value of the investment is zero, and Yara expects to book a minor pre-tax gain in its fourth-quarter 2020 results following the transaction.
Contact
Thor Giæver, SVP Investor Relations
Mobile: (+47) 480 75 356
E-mail: thor.giaver@yara.com
About Yara
Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger, we pursue a strategy of sustainable value growth, promoting climate-friendly and high-yielding crop nutrition solutions for the world’s farming community and food industry.
Yara’s ambition is to be the
Founded in 1905 to solve the emerging famine in
www.yara.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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