- German fertilizer firm K+S (OTCQX:KPLUY) is in advanced talks to sell its Morton Salt unit to Kissner Group for ~$3B, and a deal could be announced as soon as this week, Bloomberg reports.
- K+S is selling assets after its earlier bet on a Canadian potash project backfired, weighing on earnings and sent its credit rating into junk territory.
- The company said in March it sought to cut net debt by more than €2B by divesting the salt unit and trimming corporate functions.
K+S nears $3B sale of Morton Salt unit to Kissner
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| Symbol | Last Price | % Chg |
|---|---|---|
| KPLUY | - | - |
| K+S Aktiengesellschaft | ||