BHP Billiton denies Potash break-up talk

first_imgMonday 30 August 2010 9:24 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Show Comments ▼ Tags: NULL KCS-content BHP Billiton denies Potash break-up talk MINER BHP Billiton insisted yesterday it has no plans to sell off parts of Canadian fertiliser firm Potash, after an errant analyst note sparked a scramble for Potash’s smaller divisions. The mining giant was forced to restate its ambitions after Canadian agriculture firm Agrium told the press it was keen to buy Potash’s phosphate and nitrogen operations. The mining group said last night of its $40bn (£26bn) hostile bid: “At this stage BHP Billiton has no plans to sell any Potash Corp assets. Our offer is for the whole company, including the phosphate and nitrogen businesses.”Mark Gulley, an analyst at Soleil Securities in New York, released a note following conference call with BHP chief commercial officer Alberto Calderon on Thursday, claiming the company said it is considering offloading Potash’s nitrogen and phosphates arms. Potential buyers were quick to voice their enthusiasm. Agrium’s chief executive Mike Wilson said yesterday: “We are a global company that produce 8m metric tonnes of nitrogen, phosphate and potash and markets 16m so any assets that came on the market that fits with us we would certainly look at.”A source close to the company said the analyst had misquoted Calderon. Other notes after the conference call did not mention the remarks. Gulley was unavailable for comment. BHP added last night that its financing is strong enough to withstand the cost of the entire company, after some analysts said the firm will need to raise cash if it increases its bid. “Our financing is not dependent on asset sales and we do not require divestments to maintain balance sheet strength,” a spokesman said. whatsapp Sharelast_img

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