Government of Egypt to acquire MOPCO from Nutrien for $540m.

Government of Egypt agreed to acquire Misr Fertilizers Production, an Egypt-based company that is engaged in the production, marketing, wholesaling and distributing of fertilizers and petrochemical products, from Nutrien, a provider of crop inputs and services, for $540m. The transaction is subject to customary closing conditions, which are expected to be received in full upon close before the end of December 2020. Under the agreement, Nutrien said it would settle all arbitration claims it had made against the government of Egypt and MOPCO’s affiliate, the Egyptian Nitrogen Products, after the deal closes.