Koch Agronomic & Energy Solutions to acquire 50% stake in Jorf Fertilizers Company III from OCP
Clients Koch Agronomic & Energy Solutions, LLC
Jones Day is advising Koch Agronomic & Energy Solutions, LLC (KAES), a wholly-owned subsidiary of Koch Industries, Inc., in its proposed 50/50 joint venture with OCP S.A. KAES and OCP have signed an agreement under which an affiliate of KAES will acquire a 50% interest in Jorf Fertilizers Company III ("Jorf III"), which owns and operates an integrated phosphate fertilizer production facility in Jorf Lasfar, Morocco. Jorf III is a component of the world's largest phosphate fertilizer production platform and has the capacity to produce up to 1.1 million metric tons annually of phosphate-based fertilizers. Jorf III's products will be marketed by OCP and KAES affiliates.