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Yara in bid for Polish fertilizer stake.(POLAND)
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Nitrogen & Methanol
- Article date:
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November 1, 2004
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Copyright informationCOPYRIGHT 2004 CRU Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Yara, formerly Hydro Agri, is considering teaming up with Polish petrochemicals firm PKN Orlen to bid for fertilizer producers Tarnow and Kedierzyn, although Yara has said that it will not comment on the bid until "there was something concrete to say".
Tarnow and Kedierzyn, in need of urgent investment, are up for privatisation together with their more successful rivals Police and Pulawy. Orlen has already signed a letter of intent with Nafta Polska, the government organisation tasked with privatising Poland's chemical and fertilizer industries, to take over the two companies via its chemical subsidiary, ...
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