Yara to buy 60% stake in Brazilian phosphate miner and supplier
Published: Tuesday, 02 December 2014
Brazil is one of the largest exporters of agricultural products in the world, and plans to reduce its dependence on fertiliser imports to 28% by 2017. Yara stands to benefit from the market expansion and government plans for domestic production increases through its planned stake in Galvani.
Norway-based Yara International ASA is to
purchase a 60% stake in Galvani Industria Comercio e Servicos
SA, a Brazilian phosphate fertiliser miner and supplier, for
Galvani has vertically integrated operations in the centre
and north east regions of Brazil comprising phosphate mining
and single super phosphate (SSP) production and distribution.