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  • Phosphate specialist CI Resources (CII) completes its $4.4 million purchase of a 60 per cent interest in Singapore-based fertiliser trading business Liven Nutrients
  • CII bought three million Liven Nutrients shares from parent company Liven Agrichem to transform Liven Nutrients into a joint venture (JV) vessel between the two companies
  • CI Resources says the acquisition will “substantially” grow its capacity to supply fertiliser products to customers in the Asia-Pacific region
  • The company will now appoint three directors to the Liven Nutrients board, with Liven Agrichem to appoint two, before both parties jointly appoint an independent Chair
  • Shares in CI Resources last traded at $1.32 on July 5

Phosphate specialist CI Resources (CII) has officially completed its $4.4 million purchase of a 60 per cent interest in Singapore-based fertiliser trading business Liven Nutrients.

CI Resources said the acquisition would “substantially” grow its capacity to supply fertiliser products to customers in the Asia-Pacific region.

Under the transaction, CII bought three million Liven Nutrients shares from parent company Liven Agrichem for US$3 million (A$4.4 million) to transform Liven Nutrients into a joint venture (JV) vessel between the two companies.

CII will now appoint three directors to the Liven Nutrients board, with Liven Agrichem to appoint two. The JV partners will then jointly appoint an independent director to serve as Chair of the Liven Nutrients board.

According to CI Resources, Liven Agrichem recorded around US$288 million in revenue between June 1, 2021, and April 8, 2022. Liven Agrichem founder James Lee established Liven Nutrients as a vehicle to bring Liven Agrichem’s fertiliser trading assets and operations together specifically to grow the business with CI Resources as a JV partner.

While CI Resources established its core phosphate business in 1990, the company has since expanded its operations and now works in the fertiliser, global supply chain logistics, agri-business, energy, and facilities management spaces.

CII’s 60-per-cent interest in Liven Nutrients will give it effective control of the JV entity.

Shares in CI Resources last traded at $1.32 on July 5.

CII by the numbers
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