Bunge Limited completes sale of Brazilian fertilizer nutrients assets to Vale
Bunge Limited today announced that it has successfully completed the previously announced sale of its Brazilian fertilizer nutrients assets in Brazil to Vale SA, including its 42.3% interest in Fertilizantes Fosfatados SA. Net proceeds after taxes, transaction fees and expenses are approximately $3.5 billion, subject to certain post-closing adjustments.
Brazilian mining company Vale, the world's top iron ore miner, said on Friday it is not seeking to buy fertilizer assets following rumors it was planning a bid for US-based fertilizer company Mosaic .