In a move that will increase its participation in the fertilizer sector, Vale SA is buying Bunge´s fertilizer unit for US3.8 billion. The Brazilian based company, world’s biggest iron-ore producer and second largest nickel miner, is seeking to diversify from iron ore and boost investments in fertilizers throughout Latin America as Brazil aims to reach self-sufficiency in crop nutrients after prices surged. It’ll be Vale´s biggest takeover since its US18.2 billion buy of Canada’s Inco in 2006.
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on Jan 28th, 2010 at 3:37 PM
I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.
on Feb 1st, 2010 at 10:14 AM
Many thanks, Jason! We do our best to satisfy good readers like you. Keep visiting our blog!