Sinochem offer for Potash Corp is now unlikely

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first_img Show Comments ▼ whatsapp whatsapp KCS-content SINOCHEM, China’s largest fertiliser company, may struggle to get state financial backing for a takeover of Canada’s Potash Corp, making a deal unlikely, it emerged last night.China’s government has indicated it would prefer Sinochem to finance any takeover without credit from state banks, which is likely to put the transaction beyond the company’s reach.Sinochem may still consider seeking a minority stake, a deal that would be easier to fund.China’s Sinochem has been touted as the most likely company to come up with a competing bid to rival London-listed BHP Billiton’s $39bn (£24.6bn) hostile offer for Potash Corp. Sinochem could not be reached for immediate comment. Sinochem offer for Potash Corp is now unlikely Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Tags: NULL Share Thursday 7 October 2010 9:47 pmlast_img

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