Yara to buy 60% stake in Brazilian phosphate miner and supplier

By James Sean Dickson
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 $318m.

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. The...

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