Mosaic to buy CF Industries' phosphate business for $1.2 bln

Mon Oct 28, 2013 8:11am EDT
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Oct 28 (Reuters) - U.S. fertilizer maker Mosaic Co said it would buy CF Industries Holdings Inc's phosphate mining and manufacturing business for $1.2 billion in cash.

Mosaic will acquire CF Industries' 22,000-acre South Pasture phosphate mine, a phosphate manufacturing plant and ammonia terminal and warehouse facilities in Florida.