A PYMNTS Company

North America: Potash giant wants independence after stake transfer

By  |  May 15, 2013

North America’s second-largest producer of potash Mosaic Co. has announced it plans to remain independent after the resolution of about $8 billion worth of stock. The stake was once owned by Cargill Inc.. The world’s largest mining companies will not bid on the shares, according to Chief Executive Office Jim Prokopanko, and antitrust regulators would likely block any attempts to merge Mosaic with one if it’s largest competitors. Mosaic had recently reaffirmed its focus on potash and phosphate after a five-year review of the company; now, it says, the company will expand through joint ventures and could possible make acquisitions. Mosaic will also look to expand its existing mines.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Bloomberg

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.