Russia’s Phosagro eyes Potash Corp – paper

MOSCOW, Nov 3 (BestGrowthStock) – Russian fertiliser company
Phosagro wants to acquire Canada’s Potash Corp (POT.TO: ), the
world’s top fertilizer maker, rivalling a bid by BHP Billiton
(BHP.AX: ), business daily Vedomosti reported on Wednesday.

Phosagro Chairman Vladimir Litvinenko has asked Russian
Prime Minister Vladimir Putin to approve a potential deal and
request financing from Russian banks, the newspaper said citing
a letter from Litvinenko to Putin.

The paper said it was unclear how much Phosagro planned to
bid for Potash Corp.

Phosagro was not immediately available for comment.

Potash Corp said late last month its advisers had
identified several potential buyers that could realistically
make an offer to buy Potash Corp, competing with BHP Billiton’s
$39 billion bid. [ID:nN29196971]
(Reporting by Maria Kiselyova; Editing by Muralikumar
Anantharaman)

Russia’s Phosagro eyes Potash Corp – paper