MOS Wraps Up Share Purchase and Subscription Deal with Ma'aden

The Mosaic Company (MOS) announced the completion of its transaction with Saudi Arabian Mining Company (Ma’aden). MOS received 111,012,433 shares of Ma'aden, valued at roughly $1.5 billion on the transaction closing date, by exchanging its 25% stake in Ma'aden Wa'ad Al Shamal Phosphate Company (MWSPC). Mosaic expects to record a pre-tax gain of around $0.5 billion in the fourth quarter of 2024 based on the share price at closing. With the completion of this transaction, MOS now has a transparent value for i ...