Skip to main content

Goldman Sachs and bofA Merrill Lynch hired by Potash Corp.

Published by
World Fertilizer,


According to Reuters, Potash Corp. of Saskatchewan Inc. has hired Goldman Sachs and BofA Merrill Lynch to explore selling its stake (32%) in Chile’s Sociedad Quimica Y Minera (SQM).

SQM, which is one of the largest lithium producers in the world, has not provided any comment.

Reportedly, this latest development comes as Potash Corp. looks to merge with another fertilizer company, Agrium Inc.

On 7 September, Reuters reports that both companies were informed by regulators in China and India that they needed to divest Potash’s offshore interests in order for the merger to gain approval.

Randy Burton – a spokesman for Potash Corp. – reportedly said that it would not be appropriate to speculate on divestitures or any other terms and conditions.

Read the article online at: https://www.worldfertilizer.com/potash/25092017/goldman-sachs-and-bofa-merrill-lynch-hired-by-potash-corp/

You might also like

ADNOC and OCI form joint venture

The partnership sees ADNOC combine its fertilizer business, ADNOC Fertilizers, into OCI’s Middle East and North Africa nitrogen fertilizer platform. ADNOC and OCI will own a 42% and 58% stake in the JV respectively.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Potash Corp news


 

World Fertilizer is not responsible for the content of external internet sites.