Monday, December 13, 2021

What's Cookin' In Zug: Fertilizer Major EuroChem Is Planning An IPO

From Reuters via Nasdaq, December 13:

Russian fertiliser producer EuroChem is planning an initial public offering (IPO) in 2022, which could raise more than $1 billion, and has picked major Western and Russian banks as organisers of the listing, banking sources told Reuters.

The company, controlled by Russian businessman Andrey Melnichenko, has picked Goldman Sachs, JP Morgan, UBS and Russia's VTB Capital to organise the IPO, according to two banking sources and another person familiar with the matter.

The pool of banks chosen by EuroChem, one of the world's largest producers of nitrogen-based fertilisers, was not final and was subject for changes in the future, the three sources said....

....MUCH MORE

Nitrogen, it's all the rage.
Some random nitrogen posts:

"Expensive nat gas -> expensive fertilizers -> expensive food!"
The tweeter is Global Chief Strategist @ Nordea.
Nitrogen Fertilizer Trends: Urea Price Climbs 26% Since Mid-September, a $147-Per-Ton Jump (CF)
"Major UK Fertilizer Plants Shuttered Due To Skyrocketing Natural Gas Prices"
ICYMI: The World's Largest Nitrogen Fertilizer Plant Declared Force Majeure Today (CF)
"Turning air into bread"

"How Making One Chemical Created the Modern World"
"Can We Grow One of the World's Largest Food Crops Without Fertilizer?"
The Adventures of a Nitrogen Atom
This Could Be A Big Deal: Norway's Yara and the Australian Nitrogen Economy
Shipping: "UK Department of Transport recommends launch of ammonia / hydrogen powered vessels within 5-15 years"
Ammonia, it's what everyone is talking about.
And if your crowd isn't, you'll be the best-informed next-gen energy storage/transport-medium connoisseur at the Thursday afternoon salon!

The $100M Synthetic Biology Bet From Bayer and Ginko Bioworks (YAR:Oslo; CF)
"Saudi Arabia Sends Blue Ammonia to Japan in World-First Shipment"
Nitrogen Upgraded, Potash Target Lowered; Ununquadium Decayed (AGU, CF; TRA; POT)
That Time A Dozen Norwegians Stopped the Nazis From Developing the Atom Bomb and Possibly Saved Europe