New York, March 18, 2014 -- Moody's: CF Industries (CF, Baa2, stable) announced today that it has completed the $1.4 billion sale of their phosphates business to The Mosaic Company (Mosaic, Baa1, stable). The closure of this sale follows the terms of the agreement announced in October 2013. CF is anticipated to garner approximately $1 billion after tax which will be used to fund a portion of their planned capital expenditures and share repurchases.
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