Mosaic buys CF Industries’ phosphate arm for $1.2bn

By Laura Syrett
Published: Monday, 28 October 2013

Deal takes capacity to 10m tpa and will cut costs, says CEO

US-based Mosaic Co. is to buy the phosphate business of fellow US fertiliser company CF Industries Holdings Inc. for $1.2bn cash, the company said today.

Minnesota-based Mosaic, which is now the world’s biggest producer of finished phosphate products, will acquire CF’s South Pasture phosphate mine and plant, a phosphate...

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