Melbourne-BHP Billiton said July 10 that it has completed the previously announced acquisition of all the issued and outstanding common shares of Anglo Potash Ltd. for C$8.15 per share in cash. The total price tag was put at C$284 million (GM May 19, p. 1). The acquisition provides BHP with 100 percent control of the Canadian potash joint venture development project, established between BHP Billiton and Anglo Potash in June 2006. BHP also announced that an application to delist Anglo Potash’s common shares has been filed with the TSX Venture Exchange, and that the delisting is expected to be effective within three trading days. BHP executives have been quoted as saying BHP may be willing to invest up to $10 billion over the next decades to become a major potash producer.
Transparency Across the Fertilizer Value-Chain