Canpotex Ltd. is fully committed on its sales into September due to strong demand in “numerous key offshore markets,” the company said April 20. It cited “solid fundamentals” for major agricultural commodities and a focus on food security supporting demand.
The U.S. Department of Justice has allowed the sale of K+S’ Americas operating unit, which comprises the company’s Americas salt business, to Stone Canyon Industries Holdings LLC, Mark Demetree and Partners to proceed, K+S said in a statement earlier today.
Now that K+S no longer anticipates any antitrust hurdles, it expects the closing of the sale to be “predominantly probable” from today’s perspective around April 30, 2021. The Americas unit enterprise value amounts to $3.2 billion, with the purchase price payment of around €2.5 billion to be made in cash.
