EuroChem’s $452 Million Acquisition of Salitre Phosphate Mining Project From Yara

Norton Rose Fulbright and Veirano advised Yara, while Dentons and Mattos Filho advised Eurochem on the deal.

Yara Brasil Fertilizantes S/A executed the sale to Eurochem Comércio de Produtos Químicos Ltda. of its Salitre phosphate mining project in the city of Serra do Salitre, State of Minas Gerais, Brazil. The transaction valued USD 452 million. The transaction closed in February 2022.

JP Morgan advised Yara in the transaction.

Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.

EuroChem is a leading global producer of nitrogen, phosphate and potash fertilizers. The Group is vertically integrated with activities spanning mining to fertilizer production, logistics, and distribution. EuroChem launched potash production at its Usolskiy site in 2018 and has since ramped up output to Phase One operational capacity of 2.3 MMT per annum.

The Veirano team was led by Ricardo Veirano and Diego Lerner, and included partners Marco Monteiro (tax), Luis Felipe Andrade (environmental), Pedro Garcia (mining), Leonardo Duarte (antitrust); Raphael Espirito Santo (real estate), and associates Fernão Castro, Fernanda Fossati, Paulo Pasqual, Graciana Campos (all corporate), Rafael Fernandes (tax), Antonio Siqueira (mining), Julia Filipini and Daniela Geib (environmental), Rodrigo Alves dos Santos (antitrust); Gisela Miranda and Bruno Caliman (real estate).

The Norton Rose team included Christopher Grieves (partner), Matthew Eccles (senior associate) and Tayo David (associate).

The Mattos Filho team included Rodrigo Egual de Carvalho (Picture) and Adriano Cançado Trindade (partners), Fabiana Pasmanik and Lucas Souza (associates).

The Dentons team included Maria Oleinik and Mark Withey (partners).

Involved fees earner: Maria Oleinik – DentonsMark Withey – DentonsRodrigo Arthur Carvalho – Mattos FilhoLucas Cavasin de Souza – Mattos FilhoFabiana Rocha Pasmanik – Mattos FilhoAdriano Drummond Trindade – Mattos FilhoTayo David – Norton Rose FulbrightMatthew Eccles – Norton Rose FulbrightChristopher Grieves – Norton Rose FulbrightLuís Felipe Aguiar de Andrade – Veirano AdvogadosBruno Caliman – Veirano AdvogadosGraciana Campos – Veirano AdvogadosRodrigo Alves dos Santos – Veirano AdvogadosRafael Fernandes – Veirano AdvogadosJulia Filipini Ferreira – Veirano AdvogadosPedro Garcia – Veirano AdvogadosDaniela Geib – Veirano AdvogadosDiego Lerner – Veirano AdvogadosLeonardo Duarte – Veirano AdvogadosGisela Miranda – Veirano AdvogadosMarco Monteiro – Veirano AdvogadosRaphael Moreira Espírito Santo – Veirano AdvogadosPaulo Pasqual – Veirano AdvogadosFernão Henrique Pio Rocha Moura de Castro – Veirano AdvogadosFernanda Rossetto Fossati – Veirano AdvogadosAntonio Siqueira – Veirano AdvogadosRicardo Veirano – Veirano Advogados;

Law Firms: DentonsMattos FilhoNorton Rose FulbrightVeirano Advogados;

Clients: EurochemYara Brasil;