06.09.2010 - China close to counter-bid to block BHP's Potash Corp takeover
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
Print