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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Potash exports grip challenged in China’s bond deal: Commodities

Posted on 14 November 2012

China’s loan to potash billionaire Suleiman Kerimov should give the world’s biggest buyer of the crop nutrient its first access to the global suppliers who dominate fertilizer makers.
The China Investment Corp. sovereign wealth fund last week agreed to buy bonds from the investor and his partners that they can repay in 2014 with a 12.5 percent stake in OAO Uralkali, the world’s largest potash producer. The deal underscored a contest for potash assets two weeks after Israeli Prime Minister Benjamin Netanyahu said Potash Corp. of Saskatchewan Inc. (POT) had proposed buying Israel Chemicals Ltd. (ICL) to usurp Uralkali………………………………………..Full Article: Source


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