The European Commission approved Koch's acquisition of a 50% stake in Jorf Fertilizers Company I, a subsidiary of OCP Nutricrops at Jorf Lasfar, under simplified merger procedure. The joint venture covers an existing 1.2 million ton phosphate fertilizer unit, with combined capacity of about 2.5 million tons annually.
The deal creates joint control of an existing phosphate fertilizer plant without adding capacity, so supply is largely unchanged and the price impact on phosphate inputs is modest.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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