Ind. Officials Won't Halt Development Of $1.8B Fertilizer Plant

Law360, New York (June 20, 2013, 5:17 PM EDT) -- After Indiana state officials dropped their opposition to a proposed $1.8 billion nitrogen fertilizer plant over concerns with its Pakistani backer, an Indiana county on Wednesday approved new bonds that will pave the way for the plant to get underway.

The Posey County Council approved reissuing $1.25 billion worth of bonds for Midwest Fertilizer Corp., which is backed by a consortium of international investors that includes Pakistani fertilizer giant The Fatima Group, Thomas A. Campbell of Pillsbury Winthrop Shaw Pittman LLP, an attorney for Midwest Fertilizer,...
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