Mosaic Co. considers Vale’s fertilizer unit
Published by Angharad Lock,
Digital Assistant Editor
World Fertilizer,
At present, Vale is selling assets in order to meet a US$10 billion debt reduction target by 2017.
According to Reuters, Mosaic Co. has entered talks to buy Vale SA's fertilizer unit. Sources told the paper that the unit is valued at approximately US$3 billion. If the sale were to happen, Vale, with assets in Canada, Brazil, Peru, Argentina and Mozambique, would become Mosaic’s largest shareholder.
At present, Vale is selling assets in order to meet a US$10 billion debt reduction target by 2017.
Read the article online at: https://www.worldfertilizer.com/materials-handling/20062016/mosaic-co-considers-vales-fertilizer-unit/
You might also like
CF Industries announces emissions reduction project at Yazoo City
CF Industries has announced that it is moving forward with a carbon capture and sequestration (CCS) project at its Yazoo City, Mississippi, Complex that is expected to reduce carbon dioxide (CO2) emitted to the atmosphere from the facility by up to 500 000 tpy.