CVR Energy Inc. (NYSE: CVI) is exploring options to potentially spin off general and limited partner interests it holds in subsidiary CVR Partners LP (NYSE: UAN), a master limited partnership CVR Energy formed in 2011 to own, operate and grow its fertilizer business. CVR Partners manufacturers ammonia and urea ammonium nitrate solution fertilizer products.
SUGAR LAND, Texas, Nov. 21, 2022 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) (“CVR Energy”) announced today that its board of directors (the “Board”) has authorized CVR Energy’s management to explore a potential spin-off of its interests in its nitrogen fertilizer business, which is owned by CVR Energy through the general and limited partner interests it holds in CVR Partners, LP (NYSE: UAN), a publicly traded limited partnership (“CVR Partners”). If effected, the potential spin-off would c
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