Cvr energy provides update to potential spin-off of its fertilizer business, remains focused on renewables opportunities

Sugar land, texas, june 13, 2023 (globe newswire) -- cvr energy, inc. (nyse: cvi) (“cvr energy”) announced today that it has concluded its previously announced exploration of a potential spin-off of its interests in its nitrogen fertilizer business, which is indirectly owned by cvr energy through the general and limited partner interests it holds in cvr partners, lp, a publicly traded limited partnership (“cvr partners”), and its board of directors (the “board”) has determined not to pursue the potential spin-off at this time.
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