Potash Deal Update – AIMCo
Apparently, Alberta Investment Management Corporation, an investment management organization that helps invests Alberta’s Heritage Fund was approached by a sovereign wealth fund for a deal to rival the $39 billion offer from BHP Billiton. Potash has rejected the BHP Billiton offer. It will be interesting to see who ends up backing Potash in the long run, as a number of suitors are being worked on behind the scenes.
“We can’t right now make the economics work,” The head of AIMCo, Leo de Bever told journalists in Calgary. “If it were to work it would take a consortium of pension funds if you were to do it, but the question is, is that really appropriate for those pension funds.”
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