Sinochem shapes for Potash bid

By Simon Moores
Published: Thursday, 26 August 2010

China takes offshore loan as it prepares to battle with BHP for PotashCorp

The battle to acquire Potash Corp. of Saskatchewan is set to take another twist after China’s Sinochem Corp. took out a loan to give it leverage for a bid to rival BHP Billiton Plc’s $38.9bn.

 

London’s The Times has reported that Sinochem was granted...

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