AGROFERT agrees to acquire 50% of Nitrogen Intermediate Holding B.V.
- AGROFERT signed an agreement to acquire a 50% stake in Nitrogen Intermediate Holding B.V.
- The deal includes a put/call option on the remaining 50% that either OCI or AGROFERT can exercise from two years after closing.
- Completion of the transaction is conditional on approval by relevant competition authorities and other usual transactional steps.
- AGROFERT is identified as a major European manufacturer of nitrogen products.
Transaction
AGROFERT has reached an agreement to acquire a 50% stake in Nitrogen Intermediate Holding B.V. The deal also contains a put/call option covering the remaining 50% interest.
Option terms
The put/call option may be exercised by either OCI or AGROFERT starting two years after the closing of the initial transaction.
Conditions
The closing is subject to approval by the relevant competition authorities and to completion of other customary transactional steps.
Company comment
Petr Cingr, Vice‑Chairman of AGROFERT's board, said the agreement supports stability and efficiency in fertilizer and industrial nitrogen production and that AGROFERT will develop the acquired assets to support the value chain from fertilizers to food production and long‑term food security in Europe.
Source: AGF Nitrogen