Vale SA is set to acquire the controlling stake in Brazilian fertiliser producer Fertilizantes Fosfatados SA (Fosfertil) after agreeing to buy the interests of US group The Mosaic Co.
Vale has agreed to acquire Mosaic’s 20.27% stake in the company for $1,030m., which would bring its total interest in Fosfertil to 78.9% subject to completion of pending deal with Bunge Ltd (IM 27 January...