EuroChem Buying Nitrogen Fertilizer Unit from K+S
Bloomberg reported that K+S (FRA:SDF1) is selling its nitrogen fertilizer distribution unit to OAO EuroChem.
Bloomberg reported that K+S (FRA:SDF1) is selling its nitrogen fertilizer distribution unit to OAO EuroChem.
Russian fertiliser maker EuroChem has denied a report that it has threatened to sell its 16 percent stake in German potash miner K+S as part of a push to secure a board seat. The director of Melnichenko’s investment vehicle Linea, George Cardona, stated: Eurochem is a long-term investor and we have no plans to sell [...]
Russian fertiliser maker EuroChem announced to have reinfored its position as K+S’s leading shareholder and may buy more shares in the German potash and salt supplier. For full story, click here
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