Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 08-08-2013 | Practice Area: | Corporate and M&A |
| Deal Title: | The Mosaic Company/Saudi Arabian Mining Phosphate Joint Venture | Industry: | Chemicals |
| Description: |
Simpson Thacher represented The Mosaic Company ("Mosaic") (NYSE: MOS) in connection with its investment in a joint venture to produce phosphate in Saudi Arabia. The USD7 billion project will be 60% owned by Saudi Arabian Mining Company ("Ma'aden"), 25% by Mosaic and 15% owned by petrochemical company Saudi Basic Industries Corporation ("SABIC"). Mosaic's role will be to help design, build and operate the project, in exchange for one quarter of the project's production. Subject to final financing terms, Mosaic's cash investment is expected to be up to USD1 billion, funded over a four-year period beginning in 2013.
The Simpson Thacher team for the transaction includes Eric Swedenburg and Ravi Agarwal (M&A); Steve Todrys (Tax); and Lori Lesser (Intellectual Property).
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| Financial Center: | New York | Value: | 5000.01-10000.00 |
| Advised Party: | Joint Venture Party | Law Firm | Simpson Thacher |
| JV Party Jurisdiction | Saudi Arabia,United States | JV Party Jurisdiction | United States |
| Classification: |
Joint Ventures Continuing Business Partnership |
Lawyer | Eric M Swedenburg |
