Mosaic Announces Closing of Share Purchase and Subscription Agreement with Ma'aden
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The Mosaic Company has completed a transaction with Ma'aden, selling its 25% stake in Ma'aden Wa'ad Al Shamal Phosphate Company in exchange for shares in Ma'aden valued at $1.5 billion.
January 02, 2025 | 12:00 pm
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Mosaic has sold its 25% stake in MWSPC to Ma'aden, receiving $1.5 billion in Ma'aden shares. This transaction could impact Mosaic's asset portfolio and financial position.
The transaction enhances Mosaic's asset portfolio by converting its stake in MWSPC into a significant shareholding in Ma'aden, potentially improving its financial position and market perception.
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