China's Bid For The Canadian Potash Company
Currently, the world's largest fertilizer producer Potash Corporation of Canada acquisition
is performed with a large field of play, with industry sources said Chinese companies are also added to the bid team.
And industry sources said, Sinochem and China's sovereignty wealth fund China Investment Corporation (GIC) is exploring joint actually purchase (Canada), K Company.
Bankers cautioned that Chinese companies only with the approval of regulators in Canada to tender. It is believed that Chinese authorities have made contact with Canadian authorities asked the matter.
Contact with Chinese investors in Canada and North America, several pension fund, aims to establish an international consortium for BHP Billiton bid for the tender of this fertilizer company "quietly" launched action against the tender. That includes Canada, China, setting up a consortium, including pension funds may be more tender than the Chinese managers of individual mind.
Insiders in Hong Kong about the deal, said "at least two" Chinese state-owned company has received an order against the tender: immediately or purchase actually purchase potash company BHP Billiton to prevent the holding of the shares.
Anti-tender instruction indicates that Beijing's bid for BHP Billiton and mining companies of this important raw material for such control increasingly concerned.
Beijing has notified a group of bankers that the company may seek investment banking transactions to achieve the recommendations - this command has caused major banks in Hong Kong and Shanghai race of the history of China deal that could largest sudden and clever action.
It is believed that in the past week of the Group has met with several investment banks, including HSBC, Morgan Stanley Bank, Citigroup, Nomura, UBS and Deutsche Bank.
Insiders said the same group, with 300 billion U.S. dollars in registered capital investment company "no doubt" will be bidding investor, sovereign wealth funds of this tender is likely to provide the funds required for 15% to 20%.
These practices clearly shows that Beijing intends to wear down the BHP Billiton 39 billion U.S. dollars hostile takeover action.
As more and Duo of the evidence showing that Beijing actively encourage industry and financial investors to enter the competition Yimian Binggou the world's largest fertilizer producers fall into the old enemy hand, Chinese companies trying to Zujian a bidding consortium - Danshi Qijinsihu not Chenggong .
Canadian legal experts said yesterday that, even if formally rejected potash company BHP Billiton's bid, this increase actually standard quote mining giant, was approved by the possibility of managers in China still have more than one company or consortium's bid.
Analysts Yue, China adopted the strategy may form consortium in Beijing were an attempt to aim is to maintain China's low-key Zaifan image bidding Zhong, Yue Fu K Gong Si and its shareholders, ease their Beijing in the competition of the Danxin.
by: Frbiz
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