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Yara International ASA has entered into an agreement to acquire OFD Holding Inc. (OFD) from Omimex Resources Inc., for an enterprise value of USD 425 million. The acquired business comprises production facilities in Colombia and distribution companies across Latin America.
The main companies included in the transaction are Abocol (Colombia), Misti (Peru), Omagro (Mexico), Fertitec (Panama and Costa Rica), Cafesa (Costa Rica) and Norsa (Bolivia). The transaction further strengthens Yara’s downstream footprint and growth platform in Latin America, and is highly complementary to its recent acquisition of Bunge’s fertilizer business in Brazil.
More at The Wall Street Transcript

Source: Detroit Free Press

The ITF Seafarers’ Trust – the charity arm of the International Transport Workers” Federation – today authorized two grants totaling GBP100,000 to aid Filipino seafarers and their families affected by Typhoon Haiyan.
The grants, for GBP50,000 each are being awarded to the Associated Marine Officers’ and Seamen’s Union of the Philippines (AMOSUP) and the Philippine Seafarers Union (PSU) to help them deliver emergency relief for seafarers and their families.
ITF Seafarers’ Trust chair Dave Heindel commented: “Around 300,000 of the world’s seafarers are from the Philippines, many of them from the worst hit areas. These two grants will allow us to provide targeted help to them.
“The Seafarers’ Trust is trying to alleviate at least some of the awful effects of the tragedy that hit the Philippines, a country which is fundamental to the maritime world. With this aid the Trust is hoping to help many seafarers to get back on their feet, and to support them at this difficult time.”
For more about the ITF Seafarers’ Trust, see

www.seafarerstrust.org
...

Source: PSI