Adds particulars
Adds particulars
FRANKFURT, Dec 10 (Reuters) – German potash and salt miner Ok+S SDFGn.DE mentioned it was trying into promoting stakes in its North American companies as a result of an ongoing value reducing push wouldn’t be sufficient to slash debt.
An organization spokesman mentioned Ok+S was contemplating promoting a stake in its Bethune potash mine in Canada – which the corporate places at practically 5 billion euros ($5.5 billion) in worth – or a cooperation with an trade companion, whereas ruling out an outright sale of the plant.
He added that Ok+S was additionally contemplating all choices for its salt enterprise in North and South America, which incorporates its Morton Salt model.
The group was favouring a stake sale, which might be executed through an preliminary public providing of the unit, the spokesman added.
($1 = 0.9073 euros)
(Reporting by Ludwig Burger; enhancing by Thomas Seythal)
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