GFM Network News

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Germany’s K+S seen likely to reject PotashCorp offer

Frankfurt | Reuters — Germany’s K+S will likely reject a seven billion-euro (C$9.7 billion) takeover offer from Canadian fertilizer group PotashCorp, a person familiar with the situation said Thursday. K+S’s management and board are still due to discuss the offer from Saskatoon-based PotashCorp, and a decision has not yet been taken, but at first sight […] Read more


Monsanto’s Syngenta gambit seen hinging on sale of seed businesses

London/Frankfurt | Reuters –– U.S. seeds giant Monsanto is trying to line up buyers for assets worth up to US$8 billion to appease competition authorities before making a fresh takeover approach for Swiss rival Syngenta, possibly within three weeks, industry sources said. Monsanto is expected to tap German chemicals group BASF, an existing joint venture […] Read more

Major German bank pulls ag from fund on food fears

Germany’s Commerzbank has removed agricultural products from a commodity index fund after accusations that speculation has pushed up food prices and fuelled unrest in some poor countries. Commerzbank followed at least two other German banks in restricting investments in agriculture, while most banks and fund managers have defended investment in commodities, saying that price jumps […] Read more