Ministry of Finance, Egypt and Ministry of Petroleum (Egypt) entered into an agreement to acquire 26% stake in Misr Fertilizers Production Company S.A.E. from Nutrien Ltd. (TSX:NTR) for approximately $540 million on December 18, 2020. As per terms, Ministry of Finance, Egypt and Ministry of Petroleum (Egypt) will acquire 59.57 million shares of Misr Fertilizers Production Company S.A.E. The transaction is subject to customary closing conditions and is expected to be closed on or before the end of December 2020.

Ministry of Finance, Egypt and Ministry of Petroleum (Egypt) completed the acquisition of 26% stake in Misr Fertilizers Production Company S.A.E. from Nutrien Ltd. (TSX:NTR) in December 2020.