Mosaic completes Saskferco sale to Yara

Plymouth, Minn.-The Mosaic Co. announced on Oct. 1 the completion of the sale of Saskferco Products ULC to a subsidiary of Yara International ASA for approximately $1.6 billion, of which Mosaic is entitled to one-half of the proceeds. “The completion of the sale of Saskferco is a key step in our strategic plan and will allow us to focus on our core phosphate and potash businesses,” said Jim Prokopanko, president and CEO. “Working with the government of Saskatchewan and Saskferco has been an excellent experience for Mosaic. We wish Yara much success as Saskferco’s new owner.”