Nitrogen fertilizer producer CVR Partners LP said it would buy Rentech Nitrogen Partners LP for about $533 million, excluding debt, as global fertilizer makers aim to scale up at a time when increased supplies weigh on nitrogen prices.

 

The deal comes less than a week after CF Industries Holdings Inc said it would buy OCI NV's North American and European plants for $6 billion, making CF the world's largest publicly traded nitrogen company.

 

Potash Corp of Saskatchewan, the world's second-largest potash miner, has been proposing to acquire German salt and fertilizer company K+S AG.

 

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