Chinese companies may bid for Potash Corp, (POT) as the country's growing food needs make access to fertilizer increasingly urgent.

Companies including Sinofert, Chalco and ChemChina are all potential bidders for the Canadian company, Reuters reported without naming its sources.

BHP Billiton (BHP) has made a $39 billion hostile offer for Potash Corp, the world's largest fertilizer firm. Potash Corp is soliciting alternative bidders willing to top BHP Billiton's offer.

"The notion is that this is the Cadillac of the (fertilizer) business," one source told Reuters.

China's food consumption is growing as more of its vast population achieves middle-class incomes. The country has a limited domestic supply of potash, which is crucial to raising crop yields.



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BUFFALO

Do you remember back in the early 1990's when japan got on the same kick where instead of buying product they bought the companies. This is not a bad thing as when it comes to companies that are resorce dependant. What that means is they can not just pull up stakes and move. So let them buy and then we will send in our seceret weapon A.K.A. the unions and cost China billions.

August 20 2010 at 5:08 PM Report abuse +1 rate up rate down Reply
ferandr4

----and the Obama fiasco continues as the useless Congress sleeps at the "wheel"---what a pathetic bunch of DC politicians

August 20 2010 at 8:42 AM Report abuse -1 rate up rate down Reply