From Theaustralian.com.au: Sinochem and Chinese sovereign wealth fund CIC are exploring a joint counter-bid for Potash Corporation on instruction from Beijing. Bankers cautioned that a bid would proceed only if the Chinese companies could secure approval from Canadian regulators.
It is understood Chinese authorities have contacted their counterparts in Canada to seek guidance on whether a bid for the Saskatchewan company would be blocked -- an outcome that would be politically embarrassing for China...............................................Full Article: Source
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