the Libyan Investment Authority (LIA) — each with 25%. Yara got rid of its stake in LIFECO, at the end of 2020. In September 2009, Yara began construction of a new Urea7 factory at Sluiskil, in the Netherlands. In October 2009, Qafco, in which Yara has 25% equity interest, signed a letter of intent to build the Qafco-6 expansion project. The project included construction of a urea plant with a total daily production capacity of 3,850 tons. In January 2010, Yara acquired the remaining 50% of Balderton Fertilisers. In December 2012, Yara acquired Bunge Limited´s fertilizer blending facilities, brands, and warehouses in Brazil. Brazilian antitrust authorities, the Administrative Council for Economic Defense or Conselho Administrativo de Defesa Econômica in Portuguese (CADE), approved the acquisition in May 2013. Yara and Bunge completed the transaction in August 2013. In October 2013, Yara acquired the remaining 50% of Yarwil, previously owned by Wilhelmsen Maritime Services through a joint venture with Yara. In November 2013, Yara acquired OFD Holding from Omimex Resources Inc. for fertilizer production facilities in Colombia and distribution companies in Colombia, Peru, Mexico, Costa Rica, Panama, and Bolivia. This transaction further strengthened Yara's downstream footprint and growth platform in Latin America and was highly complementary to its recent acquisition of Bunge's fertilizer business in Brazil. Libyan Norwegian Fertiliser Company B.V., registered in the Netherlands, is co-owned by Yara and "Libyan partners ... with close ties to Muammar Gaddafi and his clan" according to Dagens Næringsliv. Authorities have frozen the joint venture's bank accounts in the Netherlands. In 2018, Yara opened a logistics-focused European Business Centre in Vilnius, Lithuania. In 2018, Yara opened its Myanmar office, hiring agronomists and commercial employees for its local operations. Chairmen Leif Teksum (2014—incumbent). Replaced Bernt Reitan after the annual general meeting on May 5, 2014. Teksum oversaw DNB's Swedish and Norwegian portfolio, and headed DNB's Norwegian business market and international operations before becoming Yara's chairman. Bernt Reitan ( 2012—2014) announced in April 2014 he that he would not seek another term after May 2014. In September 2012 the election committee of Yara announced that they were unaware that Reitan's former employer, ALCOA was under investigated for corruption by the United States. Øivind Lund (2004—2012) CEOs Thorleif Enger 2004—2008 Torgeir Kvidal 2014—2015 Svein Tore Holsether 2015— References External links CEO of Fertibras Speaks at FAO conference Chemical companies of Norway Norsk Hydro Fertilizer companies of Norway Manufacturing