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Moroccan group to buy half of Spanish animal nutrition firm

By Pramod Kumar
Cow, Cattle, Mammal Unsplash.com
GlobalFeed’s operations focus on animal nutrition solutions, manufacturing, and distribution of products.

Morocco’s fertiliser producer OCP Group has signed an agreement to purchase a 50 percent stake in GlobalFeed SL from Spain’s Fertinagro Biotech, the company said in a statement.

The acquisition is part of OCP’s global growth strategy in the animal nutrition market.

GlobalFeed’s operations focus on animal nutrition solutions, manufacturing, and distribution of products such as phosphate-based commodities.

It owns production units with a capacity of 200,000 tonnes of phosphate-based products and 30,000 tonnes of iron sulphate in Huelva, Spain.

The transaction is subject to customary closing conditions, including regulatory approvals, the statement said.

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