By Paul Kiernan
RIO DE JANEIRO -- Brazilian mining firm Vale SA said Monday it will sell most of its fertilizer business to U.S.-based The Mosaic Company for around $2.5 billion.
Vale expects to receive half that amount in cash and the other via the issuance of an estimated 42.3 million shares in Mosaic, equivalent to about 11% of the latter company's capital.
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(END) Dow Jones Newswires
December 19, 2016 06:45 ET (11:45 GMT)
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