29 September 2010 22:33 [Source: ICIS news]
Vale agreed to acquire Mosaic’s 20% minority stake in phosphate fertilizer maker Fosfertil in February for $1.03bn (€762m).
Vale subsequently acquired Bunge’s 42% stake in Fosfertil to become the majority owner.
The transaction would have no impact on Mosaic's crop nutrient blending and distribution business in Brazil, or its superphosphate production and port activities at the Paranagua complex, Mosaic said.
($1 = €0.74)
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