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Israel's ICL buys Compass Minerals' ag unit in Brazil for $420 mln

SAO PAULO, July 1 (Reuters) - Israeli minerals and chemicals company ICL Group Ltd said on Thursday it has bought Compass Minerals International Inc’s agricultural division in Brazil for approximately $420 million.

“The company is present in 25 of the 26 Brazilian states and serves more than 32,000 farms indirectly and directly, the latter being responsible for approximately 50% of total sales,” ICL said in a statement. (Reporting by Nayara Figueiredo in Sao Paulo Editing by Matthew Lewis)

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