Yara and CF Industries announced this morning that they are in discussions "regarding a potential merger of equals transaction".
The companies said the discussions are at an early stage, and that there could be no assurances that these discussions will result in any transaction.
There is limited overlap between the two companies' areas of operations. CF's plants and business are concentrated in North America, whereas Yara is mainly in Europe and Brazil, but has a large international organisation and interests in production in Qatar, Trinidad and Australia.
The announcement has surprised the investment community. Yara shares are up about 9% today on a higher-than-normal trading volume.
Send comments to feedback@argusmedia.com
If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.
Copyright © 2014 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.
