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Sinofert to Acquire Phosphate Producer in China

7:23 AM MST | January 20, 2012 | —DEEPTI RAMESH

Sinofert (Beijing) says it has entered into an agreement with Sichuan Lomon Corp. (Chengdu, China) and Tibet Longsheng Investment Management to acquire phosphate producer Xundian Lomon Phosphorus Chemical Co. for Rmb1.38 billion ($219 million). Tibet...

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