By Dimitrios Kontos

Norway's Yara International ASA (YAR.OS) has ended talks with Arab Potash Co. (APOT.AJ) related to a potential cooperation in the field of potassium nitrate, the two companies said in a joint statement Thursday.

Yara will consequently not seek to buy an ownership stake in Arab Potash Co.'s subsidiary Kemapco and the two companies have terminated a memorandum of understanding they had signed in January.

The companies said they "remain interested in exploring other mutually beneficial avenues" without specifying in which fields.

Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com

(END) Dow Jones Newswires

August 02, 2018 11:01 ET (15:01 GMT)

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