EuroChem completes purchase of controlling share in Fertilizantes Heringer
Zug, Switzerland, March 29, 2022 — EuroChem Group AG (hereafter “EuroChem” or the “Group”), a leading global fertilizer producer, announces that a Group subsidiary has completed the purchase of a controlling 51.48% share in Brazilian distributor Fertilizantes Heringer S.A., further strengthening the Group’s production and distribution capabilities in Brazil, one of the most important crop nutrient markets in the world.
With a total of 14 storage, blending, and distribution units in the southeast, midwest, south, and northeast regions, Fertilizantes Heringer significantly contributes to Brazilian agriculture as the country’s fourth-largest distributor in terms of installed capacity, with more than 4 million tons (MMT) per year.
According to Lieven Cooreman, Head of EuroChem’s Commercial Division in South America, and CEO of EuroChem Fertilizantes Tocantins, “the conclusion of this agreement reinforces the Group’s commitment and investment in Brazilian agribusiness, allowing the company to serve its customers better and offer a complete fertilizer line from north to south. The expansion of EuroChem’s area of operation increases the efficiency of its logistics, reducing costs for customers and contributing to the company’s growth.”
With the closing of the purchase process, which was officially registered on March 28, 2022, an Extraordinary Shareholders Meeting will be held on March 31, 2022, to appoint Fertilizantes Heringer’s Board of Directors and Executive Board.
EuroChem announced the signing of the Share Purchase Agreement on December 21, 2021.
For more information, please visit www.eurochemgroup.com. Any media or analyst enquiries should be directed to the appropriate EuroChem Group contact, as listed below:
Head of Investor Relations
EuroChem Group AG
Head of Communications & MKT
EuroChem South America