Vale acquires Fosfertil majority
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 Mosaics 20.27% stake in the company for $1,030m., which would bring its total interest...