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Dyno Nobel Limited (ASX:DNL)

ALERT: Price-sensitive ASX Announcement for DNL
Current share price for DNL : $3.730 -0.19 (-4.85%)+
Announcement
Release
1 Jul 2026 8:27AM
Price at Release
$3.920
Full Release
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Summary
Dyno Nobel Limited has successfully completed the sale of Phosphate Hill to Ryowa II GPS Pty Ltd, a subsidiary of Mayfair Australia Corporation. The transaction was finalized on 30 June 2026, marking Dyno Nobel's strategic exit from the fertilizers business to focus on its explosives operations. The sale involved a nominal consideration of $1, with Dyno Nobel making a $50 million completion payment to Ryowa, incorporating economic risk transfers and inventory value adjustments. Deferred consideration of $150 million is contingent upon certain performance conditions. Dyno Nobel will also fund $125.9 million for future rehabilitation of Phosphate Hill, while Ryowa assumes all operational and environmental liabilities. This move aligns with Dyno Nobel's transformation strategy, with the transaction supported by both Commonwealth and Queensland Governments to ensure the future of the asset and workforce.
Key Points
  • Completion of Phosphate Hill sale to Ryowa
  • Strategic exit from fertilizers business by Dyno Nobel
  • Transaction finalized on 30 June 2026
  • Economic risk and benefit transferred to Ryowa from 1 April 2026
  • Nominal consideration of $1 and $50 million completion payment
  • Deferred consideration of $150 million based on performance
  • Dyno Nobel to fund $125.9 million for rehabilitation
  • Ryowa assumes operational and environmental liabilities
  • Support from Commonwealth and Queensland Governments
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.