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.

 

 

 

Interview

Fostering Innovation and Collaboration
Specialty Chemicals Distributor IMCD’s Strategy

Fostering Innovation and Collaboration

Valerie Diele-Braun, CEO of IMCD, shares her vision for sustainability, global expansions, and strategic direction in an exclusive CHEManager International interview.

Free Virtual Event

ProteiNext 2025

ProteiNext 2025

ProteiNext is an annual symposium that offers a platform for sharing insights on protein analysis