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Ann: Request For Extension Of Voluntary Suspension, page-73

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sabine

18,868 Posts.

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28/04/20

13:43

Post #: 44301535
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Originally posted by sabine ↑

Although K+S may be interested in increasing its’ stake in Australian assets (as per Nutrien)
seeing as, after KLL was placed in suspension, K+S last month announced the sake of its American divisions:

https://www.bloomberg.com/press-rel...ing-unit-americas-forward-and-is-realigning-t
“K+S is driving the complete sale of the
Operating Unit Americas forward and is realigning the company
March 11, 2020 .....
....
Signing is expected in 2020. Thus, the focus on the business with mineral fertilisers and specialties is connected with a comprehensive realignmentof K+S.
This includes a major restructuring of the organization as well as a new dimensioning of the administrative functions.

The realization of all measures will allow the company to reduce its net financial debt presumably by significantly more than € 2 billion and enables K+S to fulfil the requirements of a stable crossover rating.
The new positioning with a solid financial basis enables K+S to expand the profitable business with fertilizer specialties.”...

KLL offers a specialist fertiliser ?
And, as said, if K+S was to look at purchasing Australian assets, it would be following the clear lead set by Nutrien (see post https://hotcopper.com.au/posts/42725692/single).

I wonder what actually went wrong out there ?

Expand

Interestingly (?), as of last December, K+S was thinking of selling part of its’ American assets but not all
https://www.reuters.com/article/us-...es-in-north-american-businesses-idUSKBN1YE20K

Last edited by sabine: 28/04/20

KLL Price at posting: 49.0¢ Sentiment: None Disclosure: Held
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