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Yara sticks to outlook after Potash Corp warning
September 21, 2009 / 10:46 AM / 8 years ago

Yara sticks to outlook after Potash Corp warning

OSLO, Sept 21 (Reuters) - Norwegian fertilizer company Yara International (YAR.OL) said on Monday it was sticking to the outlook from its second-quarter report after Potash Corp (POT.TO) cut its outlook on Friday.

“(Potash Corp) is not very strongly related to our business activities,” Yara spokesman Torgeir Kvidal said. Asked if Yara was maintaining its outlook, Kvidal said: “That is correct.”

He said Yara was monitoring the political debate in Ukraine over the privatisation of a Black Sea chemical plant, where Yara has said it has filed documents with partners to be qualified to bid.

“If the (privatisation) process begins, we cannot say if we will bid or how much,” Kvidal said.

(Reporting by Ole Petter Skonnord, writing by Richard Solem)

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