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CF Industries completes phosphates sale to Mosaic for $1.4 billion

10:56 AM MDT | March 17, 2014 | Lindsay Frost

CF Industries announced today that it has completed the previously announced sales of its phosphate business to Mosaic for $1.4 billion—approximately $1 billion net of taxes and other adjustments, the company says. The agreement was announced on 28 October 2013. “We are pleased to have completed the sale of our phosphate operations to Mosaic,” says Tony Will, president and CEO of CF. “The net proceeds from the sale will be redeployed to execute the strategic initiatives we already have in progress, namely our nitrogen capacity expansions...

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