PotashCorp has closed the acquisition of its 9.5 percent stake in Brazil-based Fertilizantes Heringer S.A. (Heringer) and also concluded a long-term potash supply agreement with Heringer.

Fertilizantes Heringer S.A. has been in the market for 46 years and is one of Brazil’s pioneers in the production, marketing and distribution of fertilizers. As one of the largest fertilizer companies in Brazil, Heringer operates 21 production, marketing and distribution units, strategically located in the main consuming regions of the country. All units produce, market and distribute fertilizers to meet the demand of the different Brazilian crops. The company delivered 5 million tonnes of fertilizers – including approximately 1 million tonnes of potash – in 2013, with net revenues of approximately US$2.5 billion. Heringer’s shares are traded in Novo Mercado, the highest level of corporate governance in BM&FBOVESPA since April 2007, under the ticker FHER3.