Mosaic to buy Vale fertiliser business
Published: Monday, 19 December 2016
Vale will sell its fertiliser business to Mosaic for $2.5bn, giving the fertiliser producer greater access to the growing Brazilian market and enabling the company to be fully integrated through the Brazilian phosphate supply chain.
Global mining company Vale S.A. has entered into an
agreement to sell its fertiliser business to North American
fertiliser producer The Mosaic Co. for $2.5bn.
The stock purchase agreement includes Vale’s
phosphate assets in Brazil excluding its operations based in
Cubatao; its 40% shareholding position in Bayovar, Peru;...