Brazil’s Vale sells minority stake in Mosaic for $1.26 billion – filing

Industry:    2021-11-08

Brazilian miner Vale SA has sold a minority stake in fertilizer producer Mosaic Company for $1.26 billion, according to a securities filing on Friday.

Vale said the sale was made through a secondary share offering and it will receive the proceeds on November 9. Vale received a 11% stake in Mosaic in 2016 after selling its fertilizer unit to the U.S. company.

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