The Mosaic Co. has announced plans to sell assets in Argentina and Chile. “After significant evaluation and review, Mosaic has decided to pursue a sale of our operations in Argentina and Chile,” the company said in a statement. “We will immediately begin preparations for a sale process and will work quickly to complete a transaction. Mosaic will continue running our business until a sale is completed.”
Mosaic did not elaborate on the extent of its assets, however, the press in Argentina reported that annual sales are over $300 million and that it employs 130 workers. It also produces phosphates at a plant in Rosario, north of Buenos Aires.