OSLO, Norway (Reuters) — Shares in Yara, which is still reeling from failed merger talks with CF Industries, fell more than four percent Oct. 22.
Its quarterly profit was up 24 percent but missed market expectations. Yara shares were still up 18.7 percent over the past year, however.
The world’s biggest nitrogen fertilizer producer, including a plant at Belle Plain, Sask., said gas prices had not fallen as much as projected and there was unexpected maintenance work at an Australian plant.
CF and Yara ended merger talks that would have created a firm rivaling industry leader PotashCorp.
