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Yara to acquire majority stake in Brazilian fertilizer company Galvani

9:55 AM MDT | August 5, 2014 | Deepti Ramesh

Yara International (Oslo) says it has agreed to acquire a 60% stake in Galvani Indústria Comércio e Serviços (São Paulo) for an enterprise value of $318 million. Galvani is an independent, privately held fertilizer company, controlled by Rodolfo Galvani, a Brazilian entrepreneur, Yara says. Galvani is engaged in phosphate mining, single super phosphate (SSP) production, and distribution of fertilizers in central and northeastern Brazil. Galvani also owns licenses for two new greenfield phosphate mine projects in Brazil. Galvani...

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