Sinochem Fertilizer to acquire a further 15% in Chinese potash-dominant Qinghai Salt Lake

By James Sean Dickson
Published: Wednesday, 10 December 2014

China is a key growth market for fertilisers. Domestic producers, with opportunity for significant logistical cost savings, should be well positioned to provide for increased demand. Qinghai Salt Lake is already the dominant force in Chinese potash, something Sinochem Fertilizers likely saw significant value in.

Sinochem Fertilizer plans to acquire a 15% stake in the largest Chinese producer of potash, Qinghai Salt Lake Industry Co. Ltd., from Sinochem Corp. for Chinese renminbi (Rmb) 2.89bn ($467.7m*), according to a Hong Kong Stock Exchange (HKSX) filing by its owner, Sinofert Holdings Ltd.

The largest producer...

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