EuroChem acquires Fertilizantes Tocantins for $230 million
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EuroChem has consolidated 100% of shares in Fertilizantes Tocantins (Brazil), acquiring 50%-1 of its share. According to EuroChem’s report, the deal valued approximately $230 million.
Previously, in 2016, EuroChem bought 50%+1 share in Fertilizantes Tocantins for just $103 million. The owner of Fertilizantes Tocantins Jose Eduardo Motta retained the remaining shares and continued serving as the company’s CEO.
Fertilizantes Tocantins is a leading fertilizer distribution company in Brazil. The company also owns a network of enterprises for mixing mineral fertilizers.
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Johan Fredin
August 22, 2024, 07:57 pm
Europe is falling behind in this field. The concerns 30 years ago was reasonable. Now not so much. We need crops that can survive in a more extreme future climate. Handle droughts and hot weather better. Crops that are less tasty to pests like hogs and deere.
Gene-edited crops set for groundbreaking European trials
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