Yara Corporate (IFC-38320)

Countries
  • Brazil
  • Colombia
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 19, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Yara International ASA
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 383.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 8, 2018

Disclosed by Bank Aug 18, 2016


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Project Description

Yara International ASA is actively expanding its operations in emerging markets and has invited IFC to consider supporting its FY16-FY19 capital investment programs in Brazil, Zambia and Colombia. Implementation of the Project is expected to improve availability and affordability of high quality fertilizers in Brazil, Colombia and Zambia and other emerging countries, strengthen competitiveness of local farmers, create jobs and enable transfer of technical and managerial know-how in the fertilizer manufacturing and distribution sectors.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Yara is a major producer and distributor of nitrogen-based fertilizers, such as ammonia and urea as well as complex fertilizers (NPKs). It maintains leadership positions in key international markets such as Europe and Latin America. Yara is a public company traded on the Norwegian Stock Exchange. Its largest shareholder is the State of Norway with around 36 percent stake, followed by the Norwegian National Insurance Scheme fund at around 5 percent. The rest of the shares are owned by various private investors.

Contact Information

Jens Hofgaard, VP Funding
Corporate Finance
Finance & Treasury Solutions
Tel: +4724157499
Email: jens.hofgaard@yara.com

Yara International ASA
Drammensveien 131
0277 Oslo, NORWAY
http://www.yara.com

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/