Brazil antitrust regulator approves Vale-Yara fertilizer deal

Brazil antitrust regulator approves Vale-Yara fertilizer deal

Chamber Articles Category: Agribusiness Post Date: 05/10/18 Source: Reuters By: Bruno Federowski
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BRASILIA (Reuters) - Brazil’s antitrust regulator on Wednesday approved the sale of a Vale SA (VALE3.SA) fertilizer unit to Yara International ASA (YAR.OL) in a deal that will allow the Norwegian group to produce nitrogen-based fertilizers in Brazil.

Six of regulator Cade’s seven board members voted to approve the $255 million transaction without demanding any asset sales or restrictions. One board member, Paula Farani, abstained from voting. Read Full Article