in this issue
World News and Views :: Projects
Indian agrobusiness purchases stake in Canadian potash company
11:30 AM MST | January 11, 2013 | Lindsay Frost
Gujarat State Fertilizers & Chemicals (GSFC; Vadodara, India), an agrobusiness that produces and sells fertilizers and industrial products, announced it has agreed to purchase a stake in Karnalyte Resources (Calgary, AB), an extractor and developer of agricultural and industrial potash and magnesium products. GSFC will make an investment in Karnalyte of about $45 million at $8.15/share, resulting in a 19.98% ownership. The 2 companies also made an agreement for GSFC to purchase about 350,000 m.t./year of potash from phase one of Karnalyte’s Wynyard...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee