According to Reuters, Mosaic Co. has entered talks to buy Vale SA's fertilizer unit. Sources told the paper that the unit is valued at approximately US$3 billion. If the sale were to happen, Vale, with assets in Canada, Brazil, Peru, Argentina and Mozambique, would become Mosaic’s largest shareholder.
At present, Vale is selling assets in order to meet a US$10 billion debt reduction target by 2017.
