Brazil antitrust regulator approves Vale-Yara fertiliser deal

May 9, 2018

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Brazil’s antitrust regulator Cade on Wednesday approved the sale of a Vale fertiliser unit to Yara International, sanctioning a deal that will allow the Norwegian giant to produce nitrogen-based fertilisers in Brazil.

Six of Cade’s seven board members voted to approve the $255-million transaction without demanding any asset sales or behavioural restrictions. One board member, Paula Farani, withheld from voting.

Category: General