Eurochem Comercio De Produtos Quimicos Ltda. completed the acquisition of a 51.48% stake in Fertilizantes Heringer S.A. from Heringer Participações Ltda.
March 27, 2022
Share
Eurochem Comercio De Produtos Quimicos Ltda. entered into certain Share Purchase and Sale Agreement and Other Covenants to acquire 51.48% stake in Fertilizantes Heringer S.A. (BOVESPA:FHER3) from Heringer Participações Ltda, Dalton Dias Heringer, Eny de Miranda Heringer, Dalton Carlos Heringer and Juliana Heringer Rezende for approximately BRL 550 million on December 20, 2021. The Purchase Price is subject to certain adjustment mechanisms that are common to transactions of this kind. Closing of the Transaction is subject to fulfillment of certain conditions that are usual to this type of transaction, including, but not limited to, clearance of the Transaction by the Brazilian competition authorities (the Administrative Council for Economic Defense CADE). Credit Suisse acted as financial advisor to Eurochem Comercio. Machado, Meyer, Sendacz e Opice Advogados acted as legal advisor to Heringer Participações Ltda and Fertilizantes Heringer. Pinheiro Neto Advogados acted as legal advisor to Eurochem Comercio.
Eurochem Comercio De Produtos Quimicos Ltda. completed the acquisition of a 51.48% stake in Fertilizantes Heringer S.A. (BOVESPA:FHER3) from Heringer Participações Ltda on March 28, 2022.
Fertilizantes Heringer SA is a Brazil-based company primarily engaged in the production, marketing and distribution of fertilizers under the Heringer brand name. The Company organizes its business into two segments: Industrial, which constists of sulfuric acid and single super phosphate (SSP) production plant, and Mixing Plants segment, which includes fertilizer mixing industrial units. As of December 31, 2011, the Company operated 19 fertilizer mixing plants. The Companyâs products are used in the crop production sector, including farming of cane, soybeans, corn and coffee, among others. Through its subsidiary Logfert Transportes SA, the Company is also involved in the road transport operations. On January 4, 2012, it acquired Maxifertil Fertilizantes Ltda, located in the municipality of Porto Alegre. On June 29, 2012, the Company completed the operation of merger by incorporation of its subsidiary Maxifertil Fertilizantes Ltda.
Eurochem Comercio De Produtos Quimicos Ltda. completed the acquisition of a 51.48% stake in Fertilizantes Heringer S.A. from Heringer Participações Ltda.