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RABAT - Morocco's state-owned phosphates producer OCP said it would acquire a 20 percent stake in Spain's Fertinagro Biotech, a plant nutrition solutions company.
The acquisition would take place through a capital increase, the OCP said in a statement. It gave no details.
The transaction, subject to regulatory approvals, would help OCP tap Fertinagro’s know-how in product customisation and innovation, it said.
(Reporting by Ulf Laessing Editing by Edmund Blair) ((Ulf.Laessing@thomsonreuters.com))