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Phosagro seen using Potash bid for domestic gain
Nov. 12, 2010 10:47PM PST
Potash InvestingReuters reports that Russia’s Phosagro is betting its stated desire to bid for Canada’s Potash Corp. (NYSE:POT)
Reuters reports that Russia’s Phosagro is betting its stated desire to bid for Canada’s Potash Corp. (NYSE:POT)
The market news is quoted as saying:
Phosagro, whose chairman Vladimir Litvinenko is an ally of Prime Minister Vladimir Putin, says it is in “intensive consultations” with the government and banks about bidding for a stake in Potash, the world’s biggest producer of key fertiliser component potash.
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