FertiNitro (Fertilizantes Nitrogenados de Oriente) is Venezuela's largest fertilizer company, producing around 1.5m tons of urea per year. It was nationalised in October 2010, having previously been owned by (35%) and Koch Industries (35%). The nationalization meant a substantial windfall for holders of FertiNitro corporate bonds, with the government offering 105 cents on the dollar.[1]
FertiNitro is one of the world's main producers of nitrogen fertilizer, with daily production capacity of 3,600 tonnes of ammonia and 4,400 tonnes of urea.[2]