Key facts
- Cibra is selling its blending unit in Parana state to Inpek Fertilizantes.
- Inpek Fertilizantes is part of US fertilizer firm Nitron.
- The transaction involves physical assets and operating licenses.
- The deal is subject to approval by Brazil's antitrust watchdog Cade.
- Cibra aims to focus investments on more efficient operations.
Brazilian fertilizer company Cibra has announced the sale of its blending unit located in the southern state of Parana. The buyer is Inpek Fertilizantes, another Brazilian firm that is part of the US-based fertilizer company Nitron.
The transaction, which includes the physical assets and operating licenses of the unit, has been submitted to Brazil's antitrust authority, Cade, for review. The unit in question specializes in blending mineral fertilizers and is currently operating below its full capacity.
Cibra indicated that this divestment aligns with its strategic objective to concentrate investments on operations that demonstrate greater efficiency. Specific details regarding the unit's production capacity and the financial terms of the sale were not disclosed by the company.