Burrup mulls A$600 M IPO

Sydney-Burrup Fertilizers Ltd. is considering a A$600 million public offering according to the Australian Financial Review. Burrup, while not putting out a press release, did run the AFR story on its website. Burrup, owned by India’s Oswal family, has reportedly appointed UBS as the lead manager on the listing. Burrup owns a A$700 million, 760,000 mt/y ammonia plant on Western Australia’s Burrup Peninsula. The plant was completed in 2006.