BHP (NYSE:BHP) has let it be known if they win the bid to take over Potash Corp. of Saskatchewan Inc. (NYSE:POT), they will leave the marketing consortium of the industry, Canpotex.
The mining giant said it will market the potash of the company independent of Canpotex, although they were quick to add they'll honor “existing commitments and contractual arrangements.”
This was according to a filing with the U.S. Securities and Exchange Commission when they filed the original offer for the fertilizer company.
Canpotex is owned by Potash, Agrium (NYSE:AGU) and Mosaic (NYSE:MOS). Together they represent about 40 percent of the potash supply in the world.
No comments:
Post a Comment