Vale has announced the sale of fertilizer assets and the acquisition of a minority interest in The Mosaic Company.
Upon completion of the transaction, Vale will sell its phosphate assets located in Brazil except the ones located in Cubatao, its shareholding position in Bayovar, Peru, all potash assets in Brazil, and the potash project based in Kronau, southeast of Regina.
The purchase price is valued at US$2.5 billion.
That consists of US$1.25 billion in cash and about 42.3 million shares of common stock to be issued by Mosaic.
Consummation of the transaction is expected to occur in late 2017.