21.06.2011 • NewsfertilizerK+Smarkets and companies

K+S To Sell Fertilizer Unit Compo To Triton

German potash miner K+S will sell its garden fertilizer unit Compo to the European private equity investor Triton, K+S announced late on Monday.

The deal, which gives Compo an enterprise value of €205 million ($291.7 million), is expected to be concluded this summer, K+S said in a statement, adding that it expects a total cash inflow of about €150 million after assumed liabilities from the sale.

For K+S, the sale — which is still subject to approval by the EU antitrust authority — involves a book loss of about €90 million in the second quarter of 2011, the group said.

K+S, the world's fourth-largest potash miner hired Goldman Sachs to undertake a strategic review of the unit in June last year as it focuses on its main salt and potash units.

Compo makes about €400 million in annual sales from specialty fertilizers and potting soil, catering to both professional and retail gardeners, K+S has said.

 

 

 

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.