The Firm is representing The Mosaic Company (NYSE: MOS) in connection with its agreement to sell Mosaic’s 25% stake in Ma’aden Wa’ad Al Shamal Phosphate Company, a joint venture among Mosaic, Saudi Arabian Mining Company (Ma’aden) and Saudi Basic Industries Corporation in exchange for shares of Ma’aden valued at approximately $1.5 billion. The transaction is subject to regulatory approvals, approval by Ma’aden’s shareholders and other closing conditions and is expected to close by the end of 2024.~~The Mosaic Company is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. Ma’aden is among the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East.~~The Simpson Thacher team includes Eric Swedenburg and Beth DiSciullo (M&A); Andrew Purcell and Jasmine Hay (Tax); Joe Kaufman (Capital Markets); Peter Guryan and Daniel Owsley (Antitrust); and Marisa Geiger (Intellectual Property).