Morocco's OCP wins approvals to buy 10 pct of Brazil's Heringer
RABAT Jan 12 (Reuters) - Morocco's state-run phosphate monopoly OCP has won required approvals to buy 10 percent of Brazil's Fertilizantes Heringer, a statement from the company said on Monday.
Both companies agreed last year to increase Heringer's capital to let OCP control 10 pct of Heringer for around $55 million. The two companies agreed also a long-term supply agreement for phosphate-based products. (Reporting By Aziz El Yaakoubi; Editing by David Holmes)
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