Uralkali has signed a deal to acquire a 100% stake in UPI Norte, a shareholder of Brazilian fertilizer distributor FertGrow S.A.
Alexander Terletskiy, Uralkali Trading CEO, commented: "Uralkali attaches significant importance to developing its logistic infrastructure in order to ensure reliable long-term and spot deliveries worldwide. Brazil is one of the largest consumers of mineral fertilizers, thus the acquisition of a stake in FertGrow will considerably help Uralkali to optimize its operations in Latin America."