Israel's ICL buys Compass Minerals' ag unit in Brazil for $420 mln
SAO PAULO, July 1 (Reuters) - Israeli minerals and chemicals company ICL Group Ltd (ICL.TA) said on Thursday it has bought Compass Minerals International Inc's (CMP.N) agricultural division in Brazil for approximately $420 million.
"The company is present in 25 of the 26 Brazilian states and serves more than 32,000 farms indirectly and directly, the latter being responsible for approximately 50% of total sales," ICL said in a statement.
Reporting by Nayara Figueiredo in Sao Paulo
Editing by Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles.
