Potash Corporation of Saskatchewan Inc. has reached agreement with a subsidiary of Sinochem Corporation to purchase a 9.99 percent interest in Sinochem's fertilizer business (Sinofert).Potash Corporation of Saskatchewan The Potash Corporation of Saskatchewan, today generally referred to as PotashCorp, is a Canadian corporation based in Saskatoon, Saskatchewan that is the world's largest producer of potash. The company was created by the government of Saskatchewan in 1975. Inc. has reached agreement with a subsidiary of Sinochem Corporation to purchase a 9.99 percent interest in Sinochem's fertilizer business (Sinofert). Sinochem had previously announced in January 2005 that it would reorganize and place its fertilizer business, with certain exceptions, into a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , which is currently listed on the Hong Kong Stock Exchange The Hong Kong Stock Exchange (Traditional Chinese: 香港交易所, also 港交所; abbreviated as HKEX; HKSE: 0388 ) is the stock exchange of Hong Kong. . |
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