Germany’s K+S snaps up Potash One for £266m

first_img Share Monday 22 November 2010 7:53 pm KCS-content whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Show Comments ▼center_img Germany’s K+S snaps up Potash One for £266m Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoammoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm GERMAN fertiliser producer K+S AG is buying Canada’s Potash One for C$434m (£266.8m), joining a rush for scale in an industry that will play a crucial role in feeding the world.K+S’s C$4.50-a-share offer, a 31 per cent premium to the average price over the previous 10 sessions, comes less than three weeks after Canada blocked a $39bn hostile bid by BHP Billiton for Potash Corp, the industry’s dominant player.Unlike that bid, K+S said its takeover would not be subject to a review under the Investment Canada Act. The law, which stipulates a foreign takeover must carry a “net benefit” for the country, was the basis of Ottawa’s rejection of BHP’s offer.In K+S’s case, the value of Potash One’s assets – as opposed to the deal value – falls well short of Investment Canada’s C$299m threshold, said a lawyer specialising in foreign investment at a large Canadian law firm. K+S said yesterday it made its cash offer for Potash One as it looks to build up new reserves to replace domestic deposits it expects will be depleted in about four decades. last_img read more