Yara Postpones IPO of Clean Ammonia Business by Up to Two Years

Europe’s largest fertilizer maker, Yara International ASA, is pushing back a potential minority divestment of its clean ammonia operations as the market is failing to reflect its full value.

The Oslo-based company confirmed the viability of a potential minority divestment of Yara Clean Ammonia, but will postpone the timing as the unit’s “project portfolio attractiveness surpasses its current market valuation, and major capital outlays are planned from 2025 onwards,” it said Monday.

The news comes more than a year after the fertilizer maker announced that it was considering a potential IPO, retaining ABG Sundal Collier and JPMorgan as advisers, ...