Thanks, Great article! Reuters had another interesting quote from Mr. Awassthi of IFFCO regarding the purchase, revealing that they're on a fertilizer spending spree. (Although he also noted they might limit India's subsidies due to deficit.):

from Reuters:

"We want to have some kind of security over raw material requirements," said Awasthi. "After this deal, we will keep looking for projects that can come into production quickly."

This deal is the latest sign of the growing importance of the global fertilizer business, which has seen a spate of merger and acquisition activity in recent months. [ID:nLDE60R1SH] [ID:nSGE61A0G2]