EuroChem puts price on Heringer buyout

EuroChem puts price on Heringer buyout

Corporate & Sovereign Strategy Equity M&A Brazil Russia Switzerland Capital Markets

Swiss fertilizer company EuroChem could pay up to BRL19.96 ($3.83) per share to buy out minority shareholders in Brazil's Fertilizantes Heringer, according to a securities filing. EuroChem will hold on to BRL194 million, equal to BRL7.00 per share, "to withstand occasional indemnifiable contingencies," Heringer said in the filing. Shareholders can choose to receive installments of BRL12.96 per share plus "any occasional additional amount up to the final maximum purchase price," or a one-time cas

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