Tata Chemicals ponders divesting fertilisers segment
By James Sean Dickson
Published: Monday, 06 July 2015
Mergers, sales and acquisitions are looking more likely across the fertiliser industry. The rumoured intentions of divestment sit oddly with a number of companies reporting positive consumption trends and pricing developments.
India’s Tata Chemicals Ltd is
reportedly looking for potential purchasers for its fertiliser
business unit.
The fertilisers segment of the company contains both
nitrogen-based and phosphate-based fertiliser production
facilities and covers the sale of nitrogen-phosphor-potassium
(NPK) and diammonium phosphate (DAP) products. It is worth
around $800m-$1bn, a source told newswire Bloomberg....