Mosaic, Investment Saskatchewan To Sell Saskferco

Matt Hopkins Posted by Matt Hopkins|24 June 2008

The Mosaic Company and Investment Saskatchewan have announced that they are seeking a buyer for Saskferco Products Inc., according to PR Newswire.

"Saskferco is an excellent company and will have an exciting future under new ownership," said Jim Prokopanko, president and CEO of Mosaic. "The sale of Saskferco will allow us to focus on our core businesses of potash and phosphates and to fund the planned expansions of our Saskatchewan potash mines and other non-US assets. We remain fully committed to Saskatchewan and are aggressively pursuing our 5.1 million tonne potash capacity expansion initiative in the province over the next 12 years."

There is no certainty a sale of Saskferco will result from this process, the article states.

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