Temasek Buys Mosaic Shares to Become Largest Shareholder
Temasek owns 17.9 million shares in Mosaic, according to a filing with the U.S. Securities and Exchange Commission made public today. The investment company owned 108,026 Mosaic shares as of Sept. 30, according to a Nov. 14 filing. Temasek now owns 5.9 percent of the Plymouth, Minnesota-based company, according to data compiled by Bloomberg.
Cargill Inc., formerly the biggest Mosaic shareholder, said in January it was beginning a process to sell its 64 percent stake in the fertilizer producer.
The Temasek stake is valued at $847.5 million, based on Mosaic’s closing share price yesterday in New York.
Mosaic rose 5.4 percent to $49.93 at the close in New York.
Potash Corp. of Saskatchewan Inc. (POT) is the largest fertilizer producer by market value.
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