Potash is getting ready to become the largest fertilizer and salt producers in the world: The Canadians who are not yet active in Europe want to take over competitors Kassel K + S. The German DAX company, the some 14 000 employees worldwide and converts about four billion euros annually has now confirmed an offer of Canadian competitors.
The potash market is something for specialists. A few large corporations share the ever-growing pie among themselves. Only two years ago the market was shaken up by the termination of an export alliance in Russia – now the Canadian-German mega-merger could lead to major upheavals. With a takeover by Potash the era of German commodity production would be in the leading index to an end.
According to information from industry sources expected K + S the offer from Canada, the rate the company is too low with around seven billion euros, but probably reject. Potash had indeed commanded more than 40 euros per share, but the Kassel group holding the price, among other things, in view of its own growth prospects for too low. In addition, raised doubts on the strategic sense. It is not the first time that Potash is trying to take over competitors:. Two years ago, the group tried to swallow the Israeli company ICL
On the stock market quotation of Canadians triggered a price explosion from: The K + S shares rose more than 26 percent to just under 37 euros; they were yesterday by far the biggest winner in the leading index. Potash wool with K + S friendly negotiate a takeover, they say. But there was no certainty that ultimately success an offer, nor on what terms, shared with Canadians. Potash would first intensive look into the books of Kassel
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