trending Market Intelligence /marketintelligence/en/news-insights/trending/voomjysqjniydovlejpixg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

K+S acquires 30% stake in Saudi fertilizer producer

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

ChangePays Although Still Underrepresented Women in the C Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles


Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018

K+S acquires 30% stake in Saudi fertilizer producer

K+S AG on Dec. 19 said it has acquired a 30% stake in Al-Biariq for Fertilizer Plant Co. Ltd., a fertilizer producer in Saudi Arabia.

The German company will pay between US$7 million and US$9 million for the stake, Reuters reported the same day.

K+S also secured an option to acquire a further 30% interest in Al-Biariq within two years of completing the deal, which is set to close in the second quarter of 2017.

Al-Biariq's soluble potassium sulfate production facilities on the Red Sea have an annual capacity of 20,000 tonnes and are set to double to 40,000 tonnes in the near future.

In late November, a fire broke out at the Hattorf site of K+S' Werra operation in Germany during the resumption of operations, causing damage to the process control system power supply. Repairs were expected to take three to four weeks to complete.