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Yara gets Brazilian clearance for OFD buyout

( January 20, 2014, 09:25 GMT | Official Statement) -- MLex Summary: Brazil’s competition authority has cleared plans by agricultural company Yara International to buy OFD Holding, a Latin American producer and distributor of fertilizers, for $425 million. OFD is currently owned by US company Ominex Resources. Yara, which is listed on the Oslo Stock Exchange, says it hopes the new deal will complement its recent move to buy Bunge’s fertilizer business in Brazil.Read the OJ statement below:...

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