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
Ready to revolutionise the cement industry?
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Técnicas Reunidas initiates scope for Green Hydrogen and Green Ammonia production facilities in Australia
Te´cnicas Reunidas and Allied Green Ammonia have agreed to commence the first phases of a Green Hydrogen and Green Ammonia production facilities at Northern Territory, Australia.
