Vale Grows Fertilizer Business in Brazil

Vale Grows Fertilizer Business in Brazil

M&A

Following its acquisition of potash assets in Argentina a year ago and a failed attempt to acquire US-based fertilizer specialist Mosaic, Vale has secured 2 sets of Brazil-based downstream fertilizer producers in a deal that may be worth up to $5.6bn. It plans to acquire 100.0% of Bunge’s phosphate unit BPI for $1.65bn and 42.3% of the equity in BM&FBovespa-listed Fosfertil for $2.15bn. However, Vale says it hopes to acquire 100% of Fosfertil’s shares, which could elevate the price to

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