15.09.2010 • News • Potash • BHP Billiton • fertilizer

Potash not Considering Large Stake Sale

Fertilizer company Potash is not considering a large stake sale to a third party or long-term production sharing agreements as serious options to block a sale to BHP Billiton, investors who met with the company said on Tuesday.

Potash Chief Financial Officer Wayne Brownlee was in New York meeting with investors on Monday and Tuesday ahead of a presentation at a conference on Wednesday morning, the investors said.

The investors spoke on the condition of anonymity. They said Brownlee also echoed previous company statements on the strong fundamentals and prospects of the business.

Investors said he reiterated earlier Potash statement that the company has been in talks with third parties about alternative transactions to the BHP bid.

Last month, BHP launched a $39 billion hostile bid for Potash as the Anglo-Australian miner looks to become the world's largest fertilizer company.

Potash declined to comment.

Innovation Pitch

Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Interview

Strategic Response to a Shifting Pharma Landscape

Stability in Motion

Stefan Oelrich, Member of the Board of Management and President Pharmaceuticals, Bayer, discusses navigating external volatility, reshaping its internal structures, and investing in future-ready capabilities to ensure sustainable growth.