Zaff investment fund to take controlling interest in MBAC

June 3, 2016

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Struggling fertiliser producer MBAC Fertilizer has filed for bankruptcy protection in Brazil, and is considering a similar move in Canada, as it sought to recapitalise and restructure its business.
MBAC, which owned and operated the Itafós Arraias single super phosphate (SSP) operation in Brazil, which was throughout 2015 and 2016 impacted by significant working capital constraints.

Category: General