Yara International to Increase Ownership in Ethio-potash
Yara International is to increase its investment in the Ethiopian potash sector increasing ownership in Ethio-potash BV from 16.67% to 51%.
Yara had entered into an agreement with two partners to invest in 16.67% of Ethio-potash. The other partners were Seftec with 26% share and XLR with a 57.33% share and management of the company in 2009.
XLR will retain a 49% share while Yara will take over the management of the company with its 51% share.