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January 15, 2015
LONDON, January 15, 2015 — Covington & Burling advised OCP S.A. on the acquisition of approximately 10% of the share capital of Brazilian listed fertilizer company, Fertilizantes Heringer S.A., for R$145.415.034,00 (approximately US$55 million) and on a long-term supply agreement for phosphatebased products. OCP Group is the largest global producer of phosphate rock and phosphoric acid and a leading global fertilizer player. The Group has exclusive access to Morocco's phosphate rock reserves, the largest global reserve base according to the U.S. Geological Survey.Heringer is one of the largest fertilizer companies in Brazil. Heringer’s shares are traded in Novo Mercado, the highest level of corporate governance in BM&FBOVESPA, under the ticker FHER3.The Covington team included partners Bruce Wilson (Washington) and James Halstead (London).