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

China’s Sinochem asks government to back Potash bid

Posted on 20 September 2010

From AFP: China’s state-owned Sinochem Group has asked the government to back a potential bid for Canada’s Potash Corp, the world’s largest fertiliser maker. According to the sources, Sinochem has been in touch with Singapore’s sovereign wealth fund Temasek concerning a potential bid, but nothing has yet been decided.
“Sinochem has submitted written material to relevant agencies in the government saying that potash (used to make fertiliser) is key to national food security, and hoping it can get support,” the Economic Observer reported……………………………………….Full Article: Source


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