🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

K+S to pledge will keep full ownership of Salt ops - source

Published 2017-10-04, 09:15 a/m
© Reuters.  K+S to pledge will keep full ownership of Salt ops - source
SDFGn
-

FRANKFURT, Oct 4 (Reuters) - German minerals miner K+S SDFGn.DE will rule out a separate listing of its salt activities, owner of the Morton Salt brand, when it unveils the results of a strategic review on Monday, a person familiar with the company's thinking said.

Chief Executive Officer Burkhard Lohr has continued a company review started by his predecessor Norbert Steiner, who stepped down in May, and is looking at ways to boost the value of its salt unit. It won't be a Salt IPO. It doesn't make any strategic sense and it doesn't pay off," the source said on Wednesday.

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.