Yara may sell Environmental Solutions, other non-core units

  • Reuters
  • Stock Market News
Yara may sell Environmental Solutions, other non-core units
Credit: © Reuters.

OSLO, Dec 11 (Reuters) - Fertiliser maker Yara YAR.OL may sell its Environmental Solutions business unit as part of a strategic review launched on Tuesday, a spokesman for the Norwegian company said.

The unit, which has around 300 employees, recorded sales of around $400 million last year, with earnings before interest, tax, depreciation and amortisation of $77 million, Yara spokesman Thor Giaever said.

At a later time, Yara also intends to conduct similar strategic reviews of its Mining Applications, Animal Nutrition South Africa and Industrial Nitrates business units, he added.

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