EANS-News: K+S Aktiengesellschaft EuroChem Completes Acquisition of K+S
Nitrogen
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Strategic management decisions
Kassel (euro adhoc) - Joint Press Release
EuroChem Completes Acquisition of K+S Nitrogen
Moscow, Russia, and Kassel, Germany, July 2, 2012 - EuroChem and K+S today
announced the successful completion of the acquisition of K+S Nitrogen by
EuroChem. The sale of K+S' nitrogen fertiliser distribution business to
EuroChem was approved by the EU antitrust authority on June 25, 2012.
"The acquisition of K+S Nitrogen is the latest step in our strategy to expand
EuroChem's geographic footprint and move closer to our end-users, while further
bolstering our product offering," commented Valery Rogalskiy, EuroChem sales
Director.
The strategy of the K+S Group provides for growth in the Potash and Magnesium
Products and the Salt business segments and for focusing management resources
and financial means on this accordingly. Against this background, K+S had sold
the business activities of COMPO to the investment company Triton last year and
announced the sale of K+S Nitrogen to EuroChem on May 8, 2012.
About K+S Nitrogen
K+S Nitrogen markets nitrogenous fertilizers with a focus on major customers in
agriculture and special crops such as fruits, vegetables and grapes. In
addition to the fertilizers produced by EuroChem Antwerpen and delivered by
BASF, K+S Nitrogen also markets the goods of other reputable European
fertilizer producers. The company is based in Mannheim, Germany, and employs
about 180 people worldwide. More information is available atwww.ks-
nitrogen.com.
About EuroChem
EuroChem is a leading global agrochemical company, producing primarily nitrogen
and phosphate fertilizers, as well as certain organic synthesis products and
iron ore. The Group is vertically integrated with activities spanning from
mining and natural gas extraction to production, logistics, and distribution.
EuroChem is currently developing the Gremyachinskoe and Verkhnekamskoe
greenfield potash projects in Russia, with planned capacities of 4.6 and 3.4
million tpy respectively. Please visit www.eurochem.ru for further information.
About K+S
The K+S Group is one of the world's leading suppliers of standard and
speciality fertilizers. In the salt business, K+S is the world's leading
producer with sites in Europe as well as North and South America. K+S offers a
comprehensive range of goods and services for agriculture, industry, and
private consumers, which provides growth opportunities in virtually every
sphere of daily life. The K+S Group employs more than 14,000 people. The K+S
share - the commodities stock on the German DAX index - is listed on all German
stock exchanges (ISIN: DE000KSAG888, symbol: SDF). More information about K+S
can be found at www.k-plus-s.com.
Your contact persons:
K+S:
Press:
Michael Wudonig, CFA
phone: +49 561 9301-1262
fax: +49 561 9301-1666
michael.wudonig@k-plus-s.com
Investor Relations:
Christian Herrmann, CFA
phone: +49 561 9301-1460
fax: +49 561 9301-2425
christian.herrmann@k-plus-s.com
EuroChem:
Press:
Vladimir Torin
Phone: +7 (495) 795.2527 (ext 1440)
vladimir.torin@eurochem.ru
Investor Relations:
Olivier Harvey
Phone: +7 (495) 795.2527 (ext 1519)
olivier.harvey@eurochem.ru
Further inquiry note:
Ihre Ansprechpartner:
Presse:
Michael Wudonig, CFA
Telefon: +49 561 9301-1262
Fax: +49 561 9301-1666
michael.wudonig@k-plus-s.com
Investor Relations:
Christian Herrmann, CFA
Telefon: +49 561 9301-1460
Fax: +49 561 9301-2425
christian.herrmann@k-plus-s.com
K+S Aktiengesellschaft
Kommunikation und Medien
Postfach 10 20 29, 34111 Kassel
Bertha-von-Suttner-Str. 7, 34131 Kassel
www.k-plus-s.com
__________________________________________________________
Aufsichtsratsvorsitzender: Dr. Ralf Bethke
Vorstand: Norbert Steiner (Vors.), Joachim Felker, Gerd Grimmig, Dr. Thomas
Nöcker, Dr. Burkhard Lohr
Sitz der Gesellschaft: Kassel; Handelsregister: Kassel HRB 2669
end of announcement euro adhoc
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company: K+S Aktiengesellschaft
Bertha-von-Suttner-Straße 7
D-34131 Kassel
phone: +49 (0)561 9301-1460
FAX: +49 (0)561 9301-2425
mail: christian.herrmann@k-plus-s.com
WWW: http://www.k-plus-s.com
sector: Chemicals
ISIN: DE000KSAG888
indexes: DAX, Midcap Market Index, CDAX, Classic All Share, HDAX, Prime All
Share
stockmarkets: regulated dealing: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English