the news in 10 julyIncitec Pivot has quit protracted...

the news in 10 july

Incitec Pivot has quit protracted negotiations to sell its fertilisers arm to an Indonesian company, adding another chapter to a frustratingly drawn out plan to build a future as a pure explosives play.

Australia’s biggest fertilisers producer said its decision to end talks with PT Pupuk Kalimantan Timur followed “careful consideration” of how to maximise value for shareholders after the discussions on the potential $1 billion-plus sale had meandered on for more than 12 months.