U.S. fertilizer maker CF Industries Holdings Inc. said on Thursday it will buy OCI NV's North American and European plants for $6 billion, making CF the world's largest publicly traded nitrogen company.

 

The stock and cash deal comes 10 months after CF's merger talks with Yara International ASA collapsed. It marks the largest fertilizer M&A deal since 2011 and comes as big global supplies weigh on nitrogen prices.

 

CF, which is assuming $2 billion of OCI's debt, will become a subsidiary of a new holding company based in the United Kingdom. By moving headquarters, CF will pay a lower tax rate, which Chief Executive Tony Will told analysts would be part of $500 million in total synergies, along with savings on operations.

 

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