M&A
confidence high
sentiment positive
materiality 0.75
Mosaic to exchange 25% MWSPC stake for ~$1.5B in Ma'aden shares
MOSAIC CO
- Mosaic receives 111M Ma'aden shares valued at ~$1.5B for its 25% JV stake.
- Shares locked up for 3 years; one-third transferable after years 3, 4, 5.
- Transaction expected to close by end of 2024, subject to approvals.
- Mosaic gains capital flexibility and will continue providing phosphate expertise.
- BofA Securities and Lazard served as financial advisors to Mosaic.