Mosaic announces closing of share purchase and subscription agreement with ma'aden

Tampa, fl / accesswire / january 2, 2025 / the mosaic company (nyse:mos) announced that it has completed the transaction with saudi arabian mining company (ma'aden) to sell the interest it holds in ma'aden wa'ad al shamal phosphate company (mwspc) and establish the company as a shareholder in ma'aden. in this transaction, which closed on december 24, 2024, mosaic received 111,012,433 shares of ma'aden -valued at approximately $1.5 billion on the closing date - in exchange for mosaic's 25 percent stake in mwspc, previously a joint venture among mosaic, ma'aden and saudi basic industries corporation.
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