15.09.2010 • NewsSinochemPotash

Sinochem Executive Says to Shun Potash Bid and Eye Other Assets

A Sinochem bid for Potash would not be a good deal for the Chinese firm, but it may consider other assets of the world's biggest fertiliser maker, a senior Sinochem executive was quoted by local media as saying.

Han Gensheng, a vice president with Sinochem who is in charge of the group's overseas deals, was quoted in the latest edition of Caijing as saying that even a bid of $10 billion would be too large for Sinochem, the state-owned parent of China's largest fertiliser distributor, Sinofert.

Last month, BHP launched a $39 billion hostile bid for Potash, which has called the $130 per share bid "grossly inadequate". Han added that Sinochem may bid for other assets of Potash, including the nitrogen and phosphorus assets.

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.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.