CF Industries Takes Stake in Fertilizer Trader

CF Industries Holdings (Deerfield, IL) says it has agreed to acquire a 50% stake in Keytrade (Thalwil, Switzerland), a global fertilizer trading company, for $25 million. Keytrade trades 3 million m.t./year of nitrogen products, phosphates, and potash. Under the joint venture, CF Industries will work exclusively with Keytrade to export phosphate fertilizer and import urea ammonium nitrate. The deal is expected to close in the fourth quarter, pending regulatory...

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