China denies acquisition of Canada-based Potash Corporation
According to media reports, the Group is Canada's acquisition of Canadian potash company Potash assessment, the China Securities News, to report thereon to the Group Chief Executive Office of confirmation when the person is denied by the attitude. The source said the group did not change based on this argument before, that comment, not proof, but close attention.
According to one of the insiders said the company expressed concern about the Potash is very natural, the company's Hong Kong listed companies as part of the shares of Potash fertilizer held, "even if the neighbor what happened You sure will be interested in, not to mention such a thing. "
Cinda Securities researcher Guo Jingpu that even if the technology you want to buy, not much likelihood of the company's financial strength is relatively weak, far as PetroChina, Sinopec two companies, which may not be interested in potash. If the Government strongly support, perhaps in the acquisition of Potash can be achieved. Also, if the acquisition of only part of the shares rather than 100% holding, meaning not much, because the other shareholders by the management and factors, the technology has not even bought some shares cheap raw materials.
But Potash respect from the news release, China's potential buyers. CEO Bill Doyle said the company can accept the transaction value than the current 38.6 billion U.S. dollars of the price much higher, the price may come from China. Company is considering options including joint venture. (Gu Xin)
