Vale acquires Fosfertil majority

By Mark Watts
Published: Friday, 12 February 2010

Brazilian mining group agrees $1,030m. deal to become fertiliser giant

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...

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