Regions :: South America :: Brazil
Vale Plans to Combine Bunge, Fosfertil Assets
8:51 AM MDT | August 10, 2010 | Kara Sissell
The Brazilian mining firm Vale (Rio de Janeiro) plans to combine its fertilizer assets to form a single, listed company, Vale Fertilizantes. Vale last January agreed to buy the Brazilian fertilizer assets of Bunge for $3.8 billion in cash. That deal included an 100% stake in Bunge’s rock mine and phosphate manufacturing unit Bunge Participações e Investimentos (BPI), as well as a 42% stake in Fertilizantes Fosfatados (Fosfertil). The combined assets give Vale 6 million-7 million m.t./year of phosphate in Brazil. The plan to unit the BPI...
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