Yara International ASA (YARIY) M&A Call Transcript

Yara International ASA (YARIY) M&A Call July 2, 2026 7:30 AM EDT Company Participants Maria Gabrielsen - Head of Investor Relations Svein-Tore Holsether - President & CEO Magnus Ankarstrand - EVP & CFO Conference Call Participants Elliott Geoffrey Jones - Danske Bank A/S, Research Division Thales Schmidt Lizzy Lancaster Joel Jackson - BMO Capital Markets Equity Research David Symonds - BNP Paribas, Research Division Angelina Glazova - JPMorgan Chase & Co, Research Division Magnus Rasmussen - SEB, Research Division Presentation Maria Gabrielsen Head of Investor Relations Hello, and welcome everyone to this conference call about the announcement Yara made today of our acquisition of the Gulf Coast Ammonia Plant. I am Maria Gabrielsen, Head of Investor Relations, and I'm joined by our CEO, Svein Tore Holsether; and our CFO, Magnus Krogh Ankarstrand. I just want to start by saying that we will only address questions today about the announcements we've made this week, and we will not answer any questions related to quarterly financials or current market dynamics. So with that, I'll give the word to Svein Tore Holsether. Svein-Tore Holsether President & CEO Well, thank you so much, Maria. Hello, and good afternoon to everyone, and thank you for joining this call, and I'm really happy to share that Yara today has announced that we're acquiring the Gulf Coast Ammonia production facility located in Texas City for consideration of $1.3 billion. And this is a plant with an expected nameplate capacity of 1.3 million tons a year. And this acquisition demonstrates Yara's execution of our strategy to diversify our energy exposure and enhance the competitiveness of our global ammonia production footprint through accessing low-cost gas and also economies of scale and through that lowering both our fixed cost and our capital per ton. And this acquisition is a ...