Mosaic to Buy Vale's Fertilizer Business for $2.5 Billion
December 19 2016 - 7:00AM
Dow Jones News
By Paul Kiernan
RIO DE JANEIRO -- Brazilian mining firm Vale SA said Monday it
will sell most of its fertilizer business to U.S.-based The Mosaic
Company for around $2.5 billion.
Vale expects to receive half that amount in cash and the other
via the issuance of an estimated 42.3 million shares in Mosaic,
equivalent to about 11% of the latter company's capital.
Write to Paul Kiernan at paul.kiernan@wsj.com
(END) Dow Jones Newswires
December 19, 2016 06:45 ET (11:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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