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Sovereign Wealth Funds Briefing - Categorized | Investment

Potash eyeing China-led buyout to top BHP

Posted on 17 September 2010

From Reuters: A Chinese-led consortium with touches of Canadiana is being mobilized to buy Potash Corp, a newspaper said on Thursday, presenting what bankers see as the most likely scenario yet for a rival bid for one of the last great jewels of Canadian resources.

Canada’s Globe and Mail newspaper said Potash Corp, which is fighting off a $39 billion takeover bid from BHP Billiton, is trying to stitch together a consortium that would also include sovereign wealth funds and perhaps Canadian pension funds in a management buyout…………………………………….Full Article: Source

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