16.03.2014 Views

Handout - K+S Aktiengesellschaft

Handout - K+S Aktiengesellschaft

Handout - K+S Aktiengesellschaft

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>K+S</strong> Group<br />

Divestment of <strong>K+S</strong> Nitrogen<br />

• On 8 May 2012, <strong>K+S</strong> <strong>Aktiengesellschaft</strong> announced an<br />

agreement with EuroChem regarding the sale of <strong>K+S</strong><br />

Nitrogen, one of the leading suppliers of nitrogenous<br />

fertilizers.<br />

• The transaction, with an enterprise value of € 140 million,<br />

was closed on 2 July 2012.<br />

• For <strong>K+S</strong>, the divestment generated a book profit of<br />

around € 66 million after taxes in Q3.<br />

• Following the divestment of COMPO last year, the<br />

divestment of <strong>K+S</strong> Nitrogen consequently fits into our<br />

strategy, which pursues the goal of focusing management<br />

and financial resources particularly on the Potash and<br />

Magnesium Products and Salt business segments.<br />

January 2013 <strong>K+S</strong> Group 25

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!