Mosaic Co., the world’s largest phosphate-fertilizer producer, agreed to acquire a mine and other assets from CF Industries Inc. for $1.2 billion to boost its output of the crop nutrient in Florida.

Mosaic will also pay $200 million to fund CF’s asset retirement obligation escrow, Plymouth, Minn.-based Mosaic said in a statement today. The deal will add about 30 cents a share to Mosaic’s 2015 earnings, excluding any debt financing costs and increase in the number of the company’s shares, it said.

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