IHS Chemical Week

People & Business :: Companies

Indian agrobusiness purchases stake in Canadian potash company

9:09 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?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa