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Russia's Uralkali, Uralchem in deal to buy Brazil's Fertilizantes Heringer

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By Reuters

SAOPAULO (Reuters) – Russian fertilizer and chemical companies Uralkali <URKA.MM> and Uralchem have reached a deal with Fertilizantes Heringer SA <FHER3.SA> to become controlling shareholders in the Brazilian firm that is now under bankruptcy protection.

In a securities filing, Fertilizantes Heringer said the Russian companies would buy the Brazilian firm’s shares for 2 reais ($0.4796) each in a deal that would result in a capital increase of up to $110 million (88.5 million pounds).

(Reporting by Marcelo Teixeira; Editing by Edmund Blair)