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Mosaic sells Saudi JV stake to Ma'aden in $1.5 billion deal

Cecilia Jamasmie | April 30, 2024 | 4:07 am Top Companies Africa Asia USA Potash 

US fertilizer company Mosaic (NYSE: MOS) is selling its 25% stake in an $8 billion Saudi Arabian phosphate production joint venture to the country’s flagship miner Ma’aden, in a stock deal worth about $1.5 billion. Ma’aden, which already holds 60%...

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