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OSLO (Reuters) -The European Union requires urgent action to secure access to gas to bolster its fertiliser industry and cut dependency on Russia, Norwegian fertiliser maker Yara International said on Thursday. The Oslo-based company, one of the world's biggest producers of plant nutrients, has curtailed production this year due to soaring gas prices, a key input in nitrogen fertiliser production, raising doubts over the industry's future in Europe.
SAO PAULO/RIO DE JANEIRO (Reuters) -Yara International ASA is close to acquiring the fertilizer unit put on sale by state-controlled oil company Petroleo Brasileiro SA, known as Petrobras, two sources with knowledge of the matter said on Friday. Petrobras has selected Yara's bid and the deal now needs to be approved by the company's board, one of the sources said. Yara declined to comment on "market rumors."