Verde Agritech sticks with cash for new plant

Verde Agritech sticks with cash for new plant

Corporate & Sovereign Strategy Economy & Policy Equity Brazil Canada Capital Markets

Brazilian fertilizer producer Verde Agritech said it will rely on cash flow to pay for the construction of a third potash production plant for BRL275 million ($55.7 million). "We expect that the accumulated cash flow by the second quarter of 2023 will be enough to fund capex of the third plant without any need for debt or equity financing," Verde Agritech CEO Cristiano Veloso said in a press release on Monday. Verde Agritech has two potash plants in the state of Minas Gerais, but it plans to ope

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