Vale Plans to Combine Bunge, Fosfertil Assets

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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