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Minnesota Ag News Headlines
Mosaic Completes Acquisition of Vale Fertilizantes
Minnesota Ag Connection - 01/09/2018

The Mosaic Company, Plymouth, Minn., announced that it has completed the previously announced acquisition of Vale Fertilizantes from Vale S.A. Pursuant to the agreement, Luciano Siani Pires has been elected to Mosaic's Board of Directors.

Siani Pires has been Vale's chief financial officer since 2012, with additional responsibilities in Procurement and Information Technology. Prior to his current role, he held positions in strategic planning, human resources and governance at Vale S.A, and also worked at McKinsey & Company and the Brazilian Development Bank. Siani Pires, a Brazil native with an M.B.A in Finance from the Stern School of Business at New York University, brings extensive experience in finance, capital markets, strategy and fertilizer to the company's Board of Directors.

Mosaic expects to release its fourth quarter and full year 2017 earnings results Feb. 19 after market close of the New York Stock Exchange, simultaneously posting performance data on its website in a tabular form. Historical performance data for Mosaic's past eight quarters is currently available at www.mosaicco.com/investor/financialdata.

At the same time, Mosaic intends to provide preliminary historical pro forma financial information for seven quarters ending September 30, 2017 reflecting post acquisition segmentation, which will be effective beginning the first quarter 2018. The pro forma information will also include the impacts of the acquisition on certain segments.

The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry.

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