Tata Chemicals sells urea business to Yara for Rs 2670 Crore
Tata Chemicals has stated that it has sold its urea business to Yara Fertiliser for Rs 2670 crore as a part of value unlocking by the company. As the strategic direction of the company to continue to strengthen the fertiliser businesses by partnerships and transfer of ownership to world class companies. The urea business will now have the benefit of an international network of Yara and its global expertise. But Tata Chemical will continue to own the brands – Paras, TKS, and Daksha and the deal does not include specialty products and complex fertilisers.
Founded in 1905 in Norway, Europe, Yara International has worldwide presence with 13,000 employees in 150 countries. Its largest business area is the production of nitrogen fertilizer, however it also encompasses the production of dry ice, nitrates, ammonia, urea and other nitrogen-based chemicals.
So let's discuss some questions related to this post:
1. Name the company which has sold its urea business to Yara?
2. Where is the headquarter of Yara?