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Vale sells fertiliser arm

Brazilian giant Vale (VALE5) has sold its fertiliser division to Mosaic (US:MOS), explaining it has been unable to break into the top end of the market by itself.

Alex Hamer
More please: Mosaic will add around 50% to its phosphate production

More please: Mosaic will add around 50% to its phosphate production

The sale will see all operations but the Cubatão phosphate and nitrogen assets go to the US-based company for US$1.25 billion in cash and 42.3 million shares of common stock in Mosaic.  That will give...

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