Indian firms buy stake in Jordan Phosphate from Brunei for $130m

Indian firms buy stake in Jordan Phosphate from Brunei for $130m

Photo: Reuters

Brunei, the largest shareholder in Jordan Phosphate Mines Company (JPMC), has agreed to sell a 37 percent stake to India’s two largest importers and producers of fertilisers in a deal worth around $130 million, the Amman stock exchange said on Sunday.

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