September 7, 2016 / 3:21 PM / in a year

BRIEF-MBAC Fertilizer announces court approval of Brazilian restructuring plan

Sept 7 (Reuters) - MBAC Fertilizer Corp

* MBAC announces court approval of Brazilian restructuring plan

* Total amount of R$760 million (ca. $235 million) will be restructured

* Creditors have option of either receiving a cash upfront payment of up to R$15,000 (ca. $ 4,700) or receiving 100% of their claims Source text for Eikon: Further company coverage:

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