China sovereign wealth fund takes 12.5% stake in potash producer

China Investment Corporation is now the second largest shareholder in Uralkali (URALL.PK), the potash producer whose exit from one of the world's two potash cartels sparked fears of a price war and triggered a steep sell-off in the chemical's price earlier this year.

The move by China's sovereign wealth fund to convert its bond holdings into a 12.5% equity stake "is part of [a] broader move to diversify its investments away from industrial commodities," FT says.

Comments (3)
  • pauliny
    , contributor
    Comments (5) | Send Message
    I would guess this would make it less likely the cartel gets back together?
    24 Sep 2013, 05:57 AM Reply Like
  • SSnape
    , contributor
    Comments (611) | Send Message
    Very interesting! Wait and watch!


    Long : URALL.
    24 Sep 2013, 01:47 PM Reply Like
  • JohnPrest
    , contributor
    Comment (1) | Send Message
    Taking a page from POT, yet on the buyers side and a long term concern. This coupled with the other primary drivers, spring planting,/Fall potash intentions and commodity prices which will impact the previous two factors.
    Maybe POT takes an equity position as well, rather than the planned stock buyback..?
    25 Sep 2013, 09:09 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs