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
Itafos Inc. files updated technical report for phosphate fertilizer project in Idaho
The Conda Technical Report demonstrates increased mineral reserves and the opportunity for continued operations at the Conda Project through to 2037.