Mosaic Company sells 25% stake in Ma'aden Wa'ad Al Shamal Phosphate Company to Saudi Arabian Mining Company for $1.5B.
The Mosaic Company announced it has entered a share purchase agreement with Saudi Arabian Mining Company (Ma'aden) in exchange for Mosaic's 25% stake in Ma'aden Wa'ad Al Shamal Phosphate Company. Mosaic will receive approximately $1.5 billion worth of 111,012,433 Ma'aden shares, and the agreement requires Mosaic to hold these shares for a minimum of three years. This transaction will strengthen the partnership between both companies and provide Mosaic with greater capital flexibility and transparency in its investment.
April 30, 2024
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