Germany’s K+S Group sees a one-time, non-cash impairment loss on assets in the Europe+ operating unit of about EU2 billion, according to Bloomberg, citing a company statement. The company has adjusted its long-term assumptions against the background of the realignment of the company and the sale of the Americas operating unit. This mainly concerns the long-term potash price assumption as well as a higher cost of capital rate. The assumption regarding the long-term potash price trend is now lower than previously assumed. The special impairment will be made for the third quarter.
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