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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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.
Many thanks, Jason! We do our best to satisfy good readers like you. Keep visiting our blog!