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/project-news/20062016/mosaic-co-considers-vales-fertilizer-unit/
You might also like
Urea imports to France surge in 2H25
French imports of urea surged in 2H25 when compared to the same period in 2024 as buyers prepared for CBAM, according to findings from Argus Media.