Domestic investors consider rival bid for Potash
By Doug Alexander and David Scanlan | China Daily | Updated: 2010-09-04 07:27
TORONTO - Chinese investors approached Alberta Investment Management Corp (AIMCo) to consider a joint counter-bid for Potash Corp of Saskatchewan Inc, the Canadian pension fund's chief executive officer said on Friday
AIMCo, as the $66 billion fund is known, wasn't interested in an offer for the Saskatoon, Saskatchewan-based fertilizer maker, Leo de Bever said. Potash Corp is the target of a $40 billion hostile bid from BHP Billiton Ltd, the world's biggest mining company.
"We've been approached, just like other pension plans, by intermediaries trying to broker a deal involving Canadian pension plans and Chinese investors," De Bever said on Thursday. "It never got to the stage of actually dollars and cents and structure."
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