K+S increases Potash One stake to 90.9 percent

Basel, Germany-K+S Aktiengesellschaft has announced that its indirect wholly owned subsidiary, K+S Canada Holdings Inc., now owns 90.9 percent of Potash One Inc.’s shares as of Feb. 4, 2010. Since the offer has been accepted by the holders of more than 90 percent of the Potash One shares, K+S Canada intends to exercise its right to acquire the remaining approximately 8,718,914 outstanding Potash One shares pursuant to a compulsory acquisition under the Canada Business Corporations Act. K+S Canada expects to complete the compulsory acquisition within the next 90 days.