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K+S says positive on future after Potash Corp drops bid

Published 2015-10-05, 06:46 a/m
© Reuters.  K+S says positive on future after Potash Corp drops bid
SDFGn
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POT
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FRANKFURT, Oct 5 (Reuters) - K+S SDFGn.DE said it remained
upbeat on its long-term prospects after Potash Corp of
Saskatchewan POT.TO withdrew its 7.9 billion euro ($8.90
billion) offer for the German potash miner on Monday.
ID:nL3N1250KD
"This step creates clarity. We are convinced that we can
successfully develop our company based on a consistent
implementation of our two-pillar strategy in the long term. We
are strong in potash and in salt," K+S Chief Executive Norbert
Steiner said in a statement.
The company said it expected significant sales and earnings
growth this year, despite the current weakness of potash
markets.
($1 = 0.8879 euros)

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