Mumbai: The Aditya Birla Group is again looking to exit its fertilizer business and has begun preliminary talks with Indian Farmers Fertiliser Cooperative Ltd (IFFCO) about a potential sale, two people familiar with the...
Chemical and Fertiliser
Sinochem unit says has no knowledge of merger with ChemChina
Sinochem International Corp (600500.SS), a unit of state-owned Sinochem Group, said on Monday it has received no information regarding a proposed merger of its parent company with rival ChemChina. The two state-owned...
China Planning Merger of Sinochem, ChemChina
China is planning to merge Sinochem Group and China National Chemical Corp. as the government continues its overhaul of state-owned enterprises, according to a person familiar with the matter. Details of the deal, which...
UPL sells entire stake in Bangladesh JV
NEW DELHI: Agro-chemical major UPL has divested its entire stake in its joint venture United Phosphorus (Bangladesh) as part of the company’s plan to reorganize its overseas businesses. “The company has...
Bayer open to buying 26% stake in Monsanto India
MUMBAI: German chemicals conglomerate BayerBSE 3.22 % made an open offer to buy 26% in MonsantoBSE 4.86 % India as part of a global deal. Bayer is acquiring the US-based seed major Monsanto for $66 billion. The open...
Blame Bad Timing: Potash-Agrium Deal Seen Facing Scrutiny
It’s unlikely to be easy sailing when Potash Corp. of Saskatchewan Inc. and Agrium Inc. take their plans to combine and become the world’s top fertilizer company in front of regulators. The blame lies with the timing...
Agrium, Potash Say To Merge Into $36-Bln Crop Fertiliser Giant
Canadian-based rivals Agrium Inc and Potash Corp on Monday said they had agreed to merge to create a $36-billion global crop fertiliser behemoth. The new company will combine potash, nitrogen and phosphate production...
Canada fertilizer merger faces easier approval at home than in U.S.
Canada’s Potash Corp of Saskatchewan (POT.TO) and Agrium Inc (AGU.TO) are more likely to win approval for a potential merger in Canada than the United States, but U.S. rejection of the deal would scuttle it...
CANADA STOCKS-TSX rises; merger report boosts fertilizer companies
* TSX up 45.41 points, or 0.31 percent, at 14,727.38 * Six of the TSX’s 10 main groups are higher Aug 30 Canada’s main stock index rose in early trade on Tuesday, boosted by a rebound in energy stocks and...
Mitsubishi sells majority stake in MCCPTA to The Chatterjee Group
KOLKATA: The Chatterjee Group (TCG) will acquire a ‘substantial majority’ in MCC PTA India Corp (MCPI), a subsidiary of Mitsubishi Chemical Corporation. TCG hopes to complete the acquisition by November and...
NFCL picks equity in Kakinada Fert
Nagarjuna Fertilizers & Chemicals Ltd (NFCL) has decided to acquire 50,000 equity shares of Rs 10 each amounting to Rs 5 crore in the equity share capital of Kakinada Fertilizers Ltd (KFL), a company involved in...
Heineken increases stake in United Breweries to 43%
Dutch beer maker Heineken increased its stake in United Breweries to 43 per cent by buying shares in the open market even as UB chairman Vijay Mallya battles an outrage for loans he owes to banks. Mallya holds 32.45 per...
