Sunday, January 23, 2011

Cargill To transfer shares held by fertilizer manufacturer Mosaic

 Established private company in 1865, Cargill, one of the world's four major food, business areas of food, agricultural, financial and industrial products and services.

mining investment banker, said Cargill's stock transfer plan or ultimately become a global mining giant Mosaic bid for the object. This may give BHP Billiton to provide a field to enter the coveted opportunity - last year, BHP Billiton, the world's largest fertilizer Canadian manufacturer Potash390 billion acquisition plan to fail.

NetEase Finance Jan. 19 hearing, according to foreign reports, the U.S. food and agricultural products supplier Cargill (Cargill) said Tuesday it will transfer its holdings of a majority stake in Mosaic. Headquartered in Minnesota, Mosaic is the world's largest fertilizer producers.

Cargill said on Tuesday it would hold 64% of Mosaic equity transfer to its shareholders and creditors, this part of the equity value of about 240 billion U.S. dollars. The transaction will improve the company's financial position, and make it more focused on the direct management of the agricultural business. Trading is expected to be completed in the second quarter of 2011.

(This article Source: NetEase of: Yu Gu)

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