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Mosaic Enters Share Purchase And Subscription agreement With The Saudi Arabian Mining Company ("Ma'aden")

Author: Benzinga Newsdesk | April 30, 2024 06:16am

Mosaic will receive 111,012,433 shares of Ma'aden valued at approximately $1.5 billion in exchange for Mosaic's current 25 percent stake in Ma'aden Wa'ad Al Shamal Phosphate Company, a joint venture among Mosaic, Ma'aden and Saudi Basic Industries Corporation.

Posted In: MOS