CORRECTED – CORRECTED-Sinofert exec says BHP bid for Potash to have big impa

(Corrects translation of quote in first and fifth paragraphs
to “closely watching” from “very concerned about”)

HONG KONG, Aug 26 (BestGrowthStock) – China’s largest fertiliser
distributor Sinofert Holdings Ltd (0297.HK: ) is “closely
watching” BHP Billiton Plc’s (BHP.AX: ) $38.6 billion takeover
offer for Potash Corp (POT.TO: ), and believes the potential deal
will have a big impact on the company, a top executive said on
Thursday.

Speculation lingers that Sinofert’s parent Sinochem may
join a rival bid to counter BHP Billiton’s (BLT.L: ) $38.6
billion takeover offer for Potash Corp.

Sinofert Chief Executive Feng Zhibin did not immediately
comment on speculation that Sinochem may be involved in a bid
for Potash Corp.

BHP Billiton’s hostile bid for Potash Corp, the world’s top
potash producer, has triggered fears that if BHP succeeds it
will ditch the prevailing annual contract potash pricing system
in favour of a market-based approach.

“No matter what, Sinochem and Sinofert are closely watching
Potash,” Feng told reporters at a results briefing on Thursday.

“Potash is a major shareholder in Sinofert, and it will
have a big impact.”

For results statement please click
http://www.hkexnews.hk/listedco/listconews/sehk/20100826/LTN2010
0826111.pdf (Reporting by Alison Leung; Editing by Chris
Lewis)

CORRECTED – CORRECTED-Sinofert exec says BHP bid for Potash to have big impa