OSLO: Says signs a non-binding agreement with U.S.-based Praxair, Inc. to sell its European CO2 business for 218 million euros.
Says agreement also includes sale of Yara’s remaining 34 pct stake in Yara Praxair Holding AS joint venture to Praxair for an estimated 94 million euros.
Says the transaction is expected to close in the first quarter of 2016, pending approval from competition authorities.
Says expects estimated post-tax gain of 150 million euros, including the sale of Yara Praxair Holding AS stake.
