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OCP S.A. have completed the acquisition of 20% of Fertinagro Biotech S.L


October 23rd, 2018 - OCP S.A, a leading global phosphate plant nutrition player, and Fertinagro Biotech S.L., a Spanish company which manufactures and supplies a wide range of plant nutrition solutions, are pleased to announce that they have successfully completed the acquisition by OCP, through one of its subsidiary, of 20% of Fertinagro’s shares by way of a capital increase. All required regulatory approvals have been obtained and the capital increase has been approved by Fertinagro’s shareholders.

As part of the transaction, Fertinagro and OCP have signed an intellectual property and know-how license agreement as well as a co-development agreement, in line with OCP’s strategic pillars to boost innovation and offer customized fertility solutions to meet farmers’ specific needs around the world. Through this partnership, OCP and Fertinagro intend to join forces in further developing innovative products and solutions for the agriculture and plant nutrition, as well as carry out further growth through joint industrial and commercial projects in the next few years.

“The strategic partnership we concluded with Fertinagro Biotech is a new step towards achieving our global growth strategy focusing on creating innovative, customized plant nutrition solutions adapted to crops and soils, to address the specific needs of farmers around the world. Furthermore, this alliance is intended to deliver more opportunities ahead as we grow together leveraging on both companies’ complementary strength and capabilities.” said Mostafa Terrab, Chairman & Chief Executive Officer of OCP Group.

“OCP’s investment in Fertinagro will open many new opportunities to share knowledge and technologies with farmers, helping them achieve better competitiveness and sustainability in an ever-more demanding agriculture. OCP is the best partner with whom we share the vision and passion that animates us every day to serve farmers and agriculture, a central pillar of our current efforts and future developments. We believe the alliance of efficiency, technology and scale brought by this unique partnership will undoubtedly benefit millions of growers around the world.” said Mr. Generoso Martin, Fertinagro Biotech’s Founder.

ABOUT OCP GROUP

OCP plays an important role in feeding a growing global population, by providing essential elements for soil fertility and plants growth.

With almost a century of experience and revenues reaching US$ 5.0 billion in 2017, OCP Group is a leader in the phosphate rock and the world’s first producer of phosphate-based fertilizers. OCP provides a wide range of well-adapted fertilizer products to enhance soil, increase agricultural yields, and help feeding the planet in a sustainable and affordable way.

Thanks to its large-scale integrated industrial development strategy, OCP is present on the entire phosphate value chain and operates on all of its business lines, offering to its 23,000 employees a development path focused on excellence.

Headquartered in Morocco, OCP works in a close partnership with more than 160 customers over 5 continents.

Committed to best serve the development of Africa, OCP places innovation at the heart of its strategy, in particular to implement sustainable and prosperous agriculture on the continent.

As a responsible industrial player, OCP is strongly committed to Africa’s environmental, social and human development. The Group is firmly convinced that leadership and profitability are necessarily synonymous to social responsibility and sustainable development. Its strategic vision resides where these two dimensions meet.

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Communique : ocp s.a. acquiert 20 % de fertinagro biotech, s.l. en-1 1,08 Mo

Communique : ocp s.a. acquiert 20 % de fertinagro biotech, s.l. ar-2 1,08 Mo

Communique : ocp s.a. acquiert 20 % de fertinagro biotech, s.l. ar-3 1,25 Mo