Itafos Inc V.IFOS

Alternate Symbol(s): MBCF

Chemicals Chemicals

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.

TSXV:IFOS - Post by User

Itafos Inc

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Comment by kisstopherpon Jan 12, 2016 1:07pm

138 Views

Post# 24450381

RE:Hope Mosaic is the Offeror

ompong12 wrote:

Markets | Tue Feb 24, 2015 9:18am EST
Related: Stocks, M&A, Markets

Mosaic keen on Brazil phosphate producers if up for sale

Feb 24 Mosaic Co, the world's largest producer of finished phosphate products, is interested in buying Brazilian phosphate producers if they come up for sale, Chief Executive Jim Prokopanko said on Tuesday.

"There are a couple good producers in Brazil," Prokopanko said at a BMO Capital Markets investor conference in Florida. "They may come up for sale. We would be interested in those."

Prokopanko did not identify the companies and a Mosaic spokesman could not be immediately reached.

(Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Chizu Nomiyama)

https://www.reuters.com/article/mosaic-phosphate-brazil-idUSL1N0VY11O20150224

This is OLD news - The current offeror with exclusivity is ALPHA Infrastructure LLC.

Who put forth a bid to recapitilize the company (i.e. take equity control) not a full buyout.

We are all hoping Mosaic steps up and out bids them with a buyout.

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