PotashCorp to Increase Its Investment in Sinofert to 20 Percent
Potash Corporation of Saskatchewan Inc. announced that it has provided formal notice of its intention to exercise its option to purchase an additional 10.01 percent of the shares in Sinochem Hong Kong Holdings Limited, more commonly known as Sinofert, a leading fertilizer enterprise in the People's Republic of China. The option exercise will raise PotashCorp's ownership interest in the company to 20 percent, assuming no further changes to Sinofert's shareholdings.
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