Nutrien to Sell All Stakes in Egypt's Mopco : vimarsana.com

Nutrien to Sell All Stakes in Egypt's Mopco


Nutrien to Sell All Stakes in Egypt’s Mopco
Published December 20th, 2020 - 01:00 GMT
Nutrien said it would sell 59.57 million shares of Mopco and upon closing settle all arbitration claims it had made against the government of Egypt and Mopco’s affiliate, the Egyptian Nitrogen Products Co SAE. (Shutterstock)
Highlights
Total proceeds resulting from the sale of shares as well as the settlements amongst the parties are expected to be received in full upon close before the end of December 2020.
Canada-based Nutrien, a global provider of crop inputs and services, said it will sell 100% of its stake in Misr Fertilizers Production Company (Mopco) in Egypt for $540 million and settle all arbitration claims.

Related Keywords

Egypt , Egyptian , , Egyptian Nitrogen Products Co , எகிப்து , எகிப்தியன் , எகிப்தியன் நைட்ரஜன் ப்ராடக்ட்ஸ் இணை ,

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