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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

China threatens to launch inquiry into BHP’s GBP26bln PotashCorp bid

Posted on 02 September 2010

From Independent: Chinese regulators are considering an investigation into BHP Billiton’s proposed $40bn (£26bn) takeover of Potash Corporation of Saskatchewan. The Middle Kingdom’s sovereign wealth fund and the state-owned fertiliser company, Sinofert, were both tipped as possible white-knight bidders to help push up the share price towards the $150-plus that PotashCorp is thought to want.
According to local media reports, the Chinese monopolies watchdog is weighing up inquiries into both BHP’s takeover bid and into the proposed merger between two Russian potash suppliers, Uralkali and Silvinit……………………………………….Full Article: Source


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