Uralkali Joins the Brazilian Distribution Market
Uralkali (the Company), one of the world’s largest potash producers, announces that it signed a deal to acquire a 100% stake in UPI Norte, a shareholder of the leading Brazilian fertilizer distributor FertGrow S.A.
The acquisition is consistent with Uralkali’s business strategy, an important element of which is to ensure flexibility of sales with a focus on developing the Company’s own distribution in key markets.
Alexander Terletskiy, Uralkali Trading CEO, commented:
Uralkali attaches significant importance to developing its logistic infrastructure in order to ensure reliable long-term and spot deliveries worldwide. Brazil is one of the largest consumers of mineral fertilizers, thus the acquisition of a stake in FertGrow will considerably help Uralkali to optimize its operations in Latin America.