Source: Bloomberg


Vale SA has agreed to acquire Bunge Ltd.'s fertilizer assets in Brazil for $3.8 billion in cash as the South American nation, the world's biggest producer of coffee, sugar and orange juice, seeks to cut its dependency on imports.


Vale will acquire 100 percent of Bunge Participacoes e Investimentos SA, which owns phosphate rock mines and assets in Brazil, and Bunge's 42.3 percent stake in Brazilian fertilizer producer Fertilizantes Fosfatados SA, or Fosfertil, the Rio de Janeiro-based company said in an e-mailed statement.


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