{"id":48186,"date":"2014-06-14T07:00:00","date_gmt":"2014-06-14T09:00:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/state-owned-moroccan-company-buys-stake-in-brazilian-firm\/"},"modified":"2018-04-04T01:50:07","modified_gmt":"2018-04-04T03:50:07","slug":"state-owned-moroccan-company-buys-stake-in-brazilian-firm","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/state-owned-moroccan-company-buys-stake-in-brazilian-firm\/","title":{"rendered":"State-owned Moroccan company buys stake in Brazilian firm"},"content":{"rendered":"<p><!--[{![cemb_9_703577_2]!}]--><\/p>\n<p>&nbsp;S&atilde;o Paulo &ndash; The Moroccan state-owned fertilizer manufacturing company OCP and Brazil&rsquo;s Fertilizantes Heringer, based in the state of Esp&iacute;rito Santo, have announced this week that the former is acquiring a 9.5% to 10.5% stake in the latter. The deal&rsquo;s value may vary from R$ 145.4 million to R$ 226.6 million, considering a price of R$ 27.00 per share.<\/p>\n<p>According to a statement issued by Heringer, the cash injection will allow the company to &ldquo;proceed with its growth process&rdquo; and enable the &ldquo;implementation of new fertilizer mixing units.&rdquo; Following the stake acquisition, OCP will be able to elect a member of the Brazilian company&rsquo;s board of managers. <\/p>\n<p>The deal also provides for the signing of a long-term agreement for OCP to supply phosphate-based inputs. Morocco is one of the world&rsquo;s leading phosphate exporting countries, and OCP is the company in charge of exploring and selling the material, which is employed in fertilizer manufacturing.<\/p>\n<p>The deal is still pending approval from the Heringer board and shareholders, and by Brazil&rsquo;s Administrative Council for Economic Defence (Cade). Common shares in Heringer were up 13.61% this Friday (13th) at the S&atilde;o Paulo Stock Exchange (Bovespa).<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-177244\">Press Release\/OCP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Morocco\u2019s phosphate company OCP and Brazil\u2019s Fertilizantes Heringer have announced that the former is acquiring a 9.5% to 10.5% stake in the latter.<\/p>\n","protected":false},"author":2316,"featured_media":177244,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[102],"tags":[],"class_list":{"0":"post-48186","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-agribusiness"},"wps_subtitle":"Morocco\u2019s phosphate company OCP and Brazil\u2019s Fertilizantes Heringer have announced that the former is acquiring a 9.5% to 10.5% stake in the latter.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/48186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=48186"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/48186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/177244"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=48186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=48186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=48186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}