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