Cargill to Transfer 64% of Fertilizer Trader Meisheng

According to foreign reports, the US agricultural giant Cargill announced on Tuesday that it plans to transfer its 64% stake in fertilizer maker Mosaic to shareholders and its creditors to improve Cargill’s financial status and maintain the company’s privately-controlled status. The value of this deal is about $24.3 billion.
As one of the world's largest privately held companies, Cargill currently holds 286 million shares in Mosaic. Mosaic's stock price closed at $85.07 on Tuesday but fell 1.3% in after-hours trading to $84.4.
Cargill plans to transfer approximately 179 million and 107 million shares of Mosaic to company shareholders and third-party creditors, respectively. According to Tuesday's closing price, Cargill’s current debt is just over 9 billion U.S. dollars. Cargill shareholders and their creditors can then sell these shares in the secondary market.
An investment banker specializing in resource trading pointed out that BHP Billiton and Brazil's CVRD may be interested in acquiring Mosaic shares, and they all expressed their willingness to start acquisitions in the fertilizer industry.

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