K+S says positive on future after Potash Corp drops bid

Mon Oct 5, 2015 6:46am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

FRANKFURT Oct 5 (Reuters) - K+S said it remained upbeat on its long-term prospects after Potash Corp of Saskatchewan withdrew its 7.9 billion euro ($8.90 billion) offer for the German potash miner on Monday.

"This step creates clarity. We are convinced that we can successfully develop our company based on a consistent implementation of our two-pillar strategy in the long term. We are strong in potash and in salt," K+S Chief Executive Norbert Steiner said in a statement.

The company said it expected significant sales and earnings growth this year, despite the current weakness of potash markets. ($1 = 0.8879 euros) (Reporting by Maria Sheahan; Editing by Keith Weir)