June 13, 2010 / 11:54 PM / 9 years ago

Mosaic in talks to buy Mexico's Grupo Fertinal-WSJ

PHILADELPHIA, June 13 (Reuters) - Fertilizer producer Mosaic Co (MOS.N) is in talks to buy Mexico’s Grupo Fertinal in a deal that could be worth up to $1 billion, The Wall Street Journal reported on Sunday.

It is uncertain when a deal could be reached, but the companies have been in talks for about six months, the newspaper said in its electronic edition. Negotiations could still falter, the newspaper said.

Mosaic and Grupo Fertinal, a fertilizer company, could not be immediately reached for comment. (Reporting by Jessica Hall; Editing by Diane Craft) (For more M&A news and our DealZone blog, go to here)

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