Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Potash Corp hires banks to explore sale of SQM stake - La Tercera

Published 2017-09-23, 10:13 a/m
© Reuters.  Potash Corp hires banks to explore sale of SQM stake - La Tercera
GS
-
AGU
-
POT
-
SQMB
-

SANTIAGO, Sept 23 (Reuters) - Potash Corporation Of Saskatchewan Inc POT.TO has hired Goldman Sachs (NYSE:GS) and BofA Merrill Lynch to explore selling its 32 percent stake in Chile's Sociedad Quimica Y Minera (SQM) SQM_pb.SN , Chilean paper La Tercera reported on Saturday.

Considering a stake sale comes as Potash Corp moves to merge with fellow fertilizer company Agrium Inc AGU.TO , La Tercera reported, without naming sources.

Potash Corp and SQM, one of the world's biggest lithium producers, did not immediately respond to request for comment.

Agrium and Potash Corp said on Sept. 7 they were told by regulators in India and China that they need to divest Potash's offshore interests for their merger to be approved.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.