Moroccan group to buy half of Spanish animal nutrition firm By Pramod Kumar September 27, 2022, 6:28 AM 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. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
