Mississippi Chemical to sell interest in Trinidad plant for $127 million

Chicago, Oct. 8 - Mississippi Chemical Corp. has signed an agreement to sell its 50% equity interest in Point Lisas Nitrogen Ltd., formerly Farmland MissChem Ltd., and related shipping company to Koch Nitrogen Co.

The total value of the proposed transaction is estimated to be $127 million, including $92 million in cash proceeds. The remaining $35 million represents assumed liabilities.

Point Lisas, which is jointly owned by Mississippi Chemical and an affiliate of Koch Nitrogen, owns and operates a 1,850 metric-tons-per-day ammonia plant in the Republic of Trinidad and Tobago.

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