Yara has received termination of the Terra merger agreement

Oslo (2010-03-12): Yara International ASA (Yara) has received termination from Terra Industries Inc. (Terra) of the merger agreement signed 12 February by Yara and Terra. 

Yara is entitled to a USD 123 million break-up fee payable concurrently with merger agreement termination.

Contact

Torgeir Kvidal, Investor Relations

Telephone  (+47) 24 15 72 95

Cellular (+47) 91 339 832

E-mail torgeir.kvidal@yara.com

Asle Skredderberget, Media Relations

Cellular (+47) 41 44 36 10

E-mail asle.skredderberget@yara.com

Yara International ASA is the world's leading chemical company that converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that prevent air pollution. Yara's global workforce of 8000 employees represents the great diversity and knowledge that enables Yara to remain a leading performer in the industry.