Mosaic Looks To Unload Nitrogen Fertilizer Venture (MOS)

Posted: June 20, 2008 at 8:28 am

The Mosaic Company (NYSE: MOS) and Investment Saskatchewan have announced that they are seeking a buyer for Saskferco Products Inc.  This is a joint venture of Canadian government and Mosaic.

Mosaic says that this will allow it to focus on core operations in potash and phosphates and to reach its goal of 5.1 million tonne potash capacity expansion initiative over the next 12 years.

Saskferco Products Inc. produces nitrogen fertilizer owned by Mosaic and Investment Saskatchewan.

Jon C. Ogg
June 20, 2008

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