STOCKS NEWS EUROPE-K+S up on speculation potash prices may rise
Shares in German potash miner K+S jump as much as 9.9 percent on speculation a mooted change in ownership at Russian rival Uralkali could herald higher prices for the key fertiliser ingredient.
Analysts and traders, speaking on condition of anonymity, say media are reporting that Uralkali's top shareholder Suleiman Kerimov is under pressure to sell shares, triggering speculation the dispute with former export partner Belaruskali can be resolved, which would shore up potash prices.
"Trading is highly speculative and the politics behind it makes it particularly difficult to see what's going on," says one analyst.
Uralkali is due to report first-half results on Tuesday.
With less than half an hour to go until the market close, K+S trading volume is 70 percent above its full-day average for the past 90 days. Shares are up 7 percent by 1455 GMT, along with gains in rival potash miners. Potash Corp , the industry's largest player, rises 4.5 percent.
K+S's stock is down 24 percent since Uralkali in July predicted a decline of more then 25 percent in the potash price after it abandoned its export joint venture with Belaruskali of Belarus.
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