Friday, September 17, 2010

Sinochem Back in Play with BHP (NYSE:BHP), Potash (NYSE:POT)?

Reports in Canadian and Chinese news outlets alleged Sinochem is back in play in the ongoing attempt to outbid BHP Billiton (NYSE:BHP) in their quest to acquire Potash (NYSE:POT).

This comes just a short couple of days after Sinochem had denied they wanted to pursue Potash.

Now it seems they've approached interests in Britain and others in hopes of generating interest in financing a bid for a consortium of buyers they're attempting to put together.

We reported earlier this week that Sinochem had approached Temasek Holdings of Singapore in hopes of convincing them to join their cause, and nothing has yet reportedly come of that.

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