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))