Deals
Anglo Said to Shortlist Mosaic, Vale in $1.5 Billion Brazil Sale
- Anglo CEO Cutifani had said assets could be sold by May
- Co. divesting business as part of cost, debt cutting plan
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Mosaic Co., the world’s largest producer of phosphate fertilizer, and a group led by Vale SA are among suitors picked to make final bids for Anglo American Plc’s niobium and phosphate business in Brazil, according to people with knowledge of the matter.
Brazil’s Vale is bidding with buyout firm Apollo Global Management, according to the people, who asked not to be identified as the details are private. Eurochem Group AG was also shortlisted to make a final offer for the assets, which could fetch as much as $1.5 billion, the people said.