01.11.2010 • News

Three More Provinces Oppose BHP Takeover of Potash

The Canadian provinces of Manitoba, New Brunswick and Quebec have joined Saskatchewan in opposing BHP Billiton's $39 billion takeover bid for Potash Corp, a spokeswoman for Saskatchewan Premier Brad Wall said on Friday.

New Brunswick is the only province outside Saskatchewan with a Potash Corp mine.

The premier of Alberta sided with Saskatchewan earlier this week. Saskatchewan wants Ottawa to reject BHP's bid on the grounds that it is not of net benefit to Canada.

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The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.