Oslo, 21 January 2020: The Comisión Nacional de los Mercados y la Competencia (CNMC) has today initiated an investigation against Yara Iberian SA at Yara’s Madrid office.
Officials from CNMC have today initiated an investigation against Yara Iberian SA of possible infringements of the Spanish Competition Act. The investigations are taking place at the company’s premises in Madrid.
Yara has strict internal rules and procedures on competition law compliance. It is fundamental to Yara that all group companies act independently of its competitors and in accordance with applicable laws and regulations in all aspects of its business.
Yara is cooperating fully with the CNMC in order to ensure the investigation work can be carried out as efficiently as possible.
For more information, please contact:
Thor Giæver, Investor Relations
Mobile: (+47) 480 75 356
Kristin Nordal, Media Relations
Mobile: (+47) 900 15 550
Yara grows knowledge to responsibly feed the world and protect the planet, to fulfill our vision of a collaborative society, a world without hunger and a planet respected. To meet these commitments, we have taken the lead in developing digital farming tools for precision farming and work closely with partners throughout the whole food value chain to develop more climate-friendly crop nutrition solutions. In addition, we are committed to working towards sustainable mineral fertilizer production. We foster an open culture of diversity and inclusion that promotes the safety and integrity of our employees, contractors, business partners, and society at large. Founded in 1905 to solve the emerging famine in Europe, Yara has a worldwide presence with about 17,000 employees and operations in over 60 countries. In 2018, Yara reported revenues of USD 12.9 billion.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act