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Nutrien to sell 100% of its stake in Egypt's Mopco


Nutrien to sell 100% of its stake in Egypt’s Mopco
CAIRO, December 20, 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.
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.
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. This investment has historically contributed $15 to $20 million per year to Nutrien’s Adjusted EBITDA. – ....

Egyptian Nitrogen Products Co , Misr Fertilizers Production Company Mopco , Tradearabia News Service , Canada Based Nutrien , Misr Fertilizers Production Company , Tradearabia News , எகிப்தியன் நைட்ரஜன் ப்ராடக்ட்ஸ் இணை , கனடா அடிப்படையிலானது ஊட்டச்சத்து , மிஸ்ர் உரங்கள் ப்ரொடக்ஶந் நிறுவனம் ,