PotashCorp
From Taighde
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PotashCorp (Potash Corporation of Saskatchewan) is a fertilizer ingredient producer based in Canada.
The China Investment Corporation owns 50,000 shares of the company as of December 31, 2009. The stake is valued at $5.425 million. The CIC released this data in their first quarterly disclosure on US equity holdings to the United States Securities and Exchange Commission.
The Government Pension Fund of Norway held a 0.57% stake in the company as of December 31, 2009. The stake is valued at $182,598,891.
| Date | Ownership | Voting | Value |
|---|---|---|---|
| December 31, 2009 | 0.57% | 0.57% | $182,598,891 |
Takeover rumors
In August 2010, BHP Billiton launched an unsolicited takeover of PotashCorp. The bid was rejected by PotashCorp's board of directors. BHP has promoised to launch another bid. However, since then, there has been much speculation on the possibly of another company or a consortium of companies coming forward to block another bid by BHP. Sinochem, a Chinese state-owned conglomerate has led this speculation. Some sovereign wealth funds have been rumored to join a consortium, including the China Investment Corporation and Temasek Holdings. According to the FT, Sinochem has had talks with Temasek for a possible bid. Temasek has also been approached by the Ontario Teachers Pension Fund to join a consortium.
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