Deals
Fertilizer Maker CF to Acquire OCI Assets for $8 Billion
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CF Industries Holdings Inc. agreed to acquire European and North American assets from OCI NV for about $8 billion to create what it says will be the world’s largest publicly traded producer of nitrogen fertilizer.
The cash and stock transaction will see the creation of a new holding company based in the U.K., of which CF investors will own 72 percent and OCI the rest. The merger includes the assumption of about $2 billion in debt, the companies said in a statement Thursday.