HALISTER: Vale Agrees to Sell Fertilizer Assets to Mosaic for $2.5b

Vale Agrees to Sell Fertilizer Assets to Mosaic for $2.5b

(Bloomberg) -- Vale to get $1.25b in cash, $1.25b worth in 42.3m shares to be issued by Mosaic, according to regulatory filing.
  • Shares represent stake of 11% in Mosaic’s outstanding shares
  • Vale to hold up to two seats in Mosaic’s board
  • Vale to have the potential to earn an additional amount of up to $260m to be paid in cash over the two-year period
  • Vale expects deal to conclude in the end of 2017
  • Link to statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MOS US (Mosaic Co/The)
VALE5 BZ (Vale SA)

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