Mosaic announces an agreement to sell Brazilian potash mining operations to VL Mineração

Mosaic Company (NYSE:MousseFrom among 13 best stocks of magnesium to invest in it now. The Mosaic Potassio Mineraço Ltda, which runs the Taquari-Vassouras Potash mine in Sergebe, Brazil, to VL Mineraço Ltda. The arrangement includes up to 27 million dollars of cash payments, 12 million dollars at the closure, and 10 million dollars at one year later, and $ 5 million over six years, as well as transferring $ 22 million of asset pension obligations. The deal is expected to be closed by the end of 2025, taking into account clearance by Brazil. The mosaic company (NYSE: MOS) will lose between 50 and 70 million dollars in books.

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The company calculated that more than $ 25 million is needed in new financing to maintain Taquari’s operations, which intends to re -customize the possibilities with higher returns. According to CEO Bruce Bodin, the NYSE: MOS: MOS to focus on the basic industry sectors with stronger competitive advantages in line with the treatment. Daniel Morira, CEO of VL Holding, said that the acquisition will enhance local potash supplies in Brazil for agriculture, ensure continuous investment, and maintain jobs. It is one of The best magnesium stocks.

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