Anglo is not buying the asset for the short-term fertiliser market outlook; rather, it is adding a deposit that has decades-worth of resources
Anglo American caught the market by surprise, making it known it is interested in launching a R7.24bn bid for the whole of a UK potash miner.
The proposed cash offer, which was at a hefty 62% premium to the preceding three-month volume-weighted average price, equates to $506m.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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