Mosaic to buy CF Industries' phosphate business for $1.2 billion


(Reuters) - U.S. fertilizer maker Mosaic Co (NYS:MOS) said it would buy CF Industries Holdings Inc's (NYS:CF) phosphate mining and manufacturing business for $1.2 billion in cash.

Mosaic will acquire CF Industries' 22,000-acre South Pasture phosphate mine, a phosphate manufacturing plant and ammonia terminal and warehouse facilities in Florida.

(Reporting by Garima Goel in Bangalore; Editing by Savio D'Souza)

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