M&G plc has successfully completed a £265 million buy-in transaction for two pension schemes of CF Fertilisers UK Limited, securing benefits for over 1,350 retirees and deferred members.

Target Information

CF Fertilisers UK Limited, a prominent subsidiary in the UK of a leading global producer of hydrogen and nitrogen products for clean energy, operates two pension schemes. As part of a strategic move, M&G plc has successfully completed a substantial £265 million buy-in transaction for these schemes. This development secures the pension benefits of over 1,350 retirees and deferred members across the Kemira Growhow UK Limited Pension Fund and the Terra Nitrogen (UK) Limited Pension Scheme.

Industry Overview

The UK fertilizers industry plays a crucial role in agricultural productivity and sustainability, focusing increasingly on environmentally friendly practices. Hydrogen and nitrogen products, essential for clean energy and agricultural nourishment, underscore the industry's significance in addressing global food security challenges. With the growing emphasis on renewable energy sources, the demand for hydrogen and nitrogen solutions is set to expand significantly.

The UK is seen as a pivotal market for transitioning toward sustainable agricultural practices and energy solutions. As businesses seek to innovate and adapt, companies involved in hyd