Publication of Insider Information pursuant to Art. 17 MAR (formerly: Ad-hoc Announcements pursuant to § 15 WpHG)
Release of an Insider Information in accordance with Sec. 17 MAR
Agreement Joint Venture: K+S and REMEX combine waste management business and set up REKS joint venture
K+S Aktiengesellschaft and REMEX GmbH, a wholly-owned subsidiary of REMONDIS SE & Co. KG, have agreed today to bundle their waste management activities in a new joint venture, REKS GmbH & Co. KG, in which both companies are equal partners with 50 percent participation each. ...
Release of an Insider Information in accordance with Sec. 17 MAR
Impairment: K+S Cleans Up Balance Sheet
The K+S Board of Executive Directors has adjusted its long-term assumptions against the background of the realignment of the Company and the sale of the Americas operating unit. This mainly concerns the long-term potash price assumption as well as a higher cost of capital rate. Based on the current potash price level, K+S expects prices to continue to rise in the short and medium term. ...
Release of an Insider Information in accordance with Sec. 17 MAR
Agreement Disposal: K+S signs agreement to sell its Operating Unit Americas to Stone Canyon Industries Holdings LLC, Mark Demetree and affiliates for a total of USD 3.2 billion
Closing expected to occur in summer 2021 Transaction subject to customary closing conditions, including antitrust approvals K+S Aktiengesellschaft signed today a definitive agreement to sell its Operating Unit Americas, comprising its American salt businesses, to Stone Canyon Industries Holdings LLC, Mark Demetree and affiliates for a total of USD 3.2 billion, representing 12. ...
Release of an Insider Information in accordance with Sec. 17 MAR
Statement: K+S confirms advanced negotiations on the sale of the operating unit Americas
In response to market rumors, K+S confirms that it is in very advanced negotiations with Stone Canyon Industries Holdings LLC about a potential sale of its operating unit Americas. The purchase price is expected to be $ 3.2 billion (enterprise value). Agreements have not been signed and hence there is no certainty that an agreement can be reached and announced.
Release of an Insider Information in accordance with Sec. 17 MAR
Dividend: Adjustment of the dividend proposal to maintain the eligibility for KfW support
Against the background of the global economic crisis triggered by the corona pandemic, the Board of Executive Directors and the Supervisory Board of K+S Aktiengesellschaft have precautionary decided on 8 May 2020 to adjust the dividend proposal for 2019 to the legal minimum dividend of € 0.04 per share (previous dividend proposal € 0.15 per share). ...
Release of an Insider Information in accordance with Sec. 17 MAR
Strategic Company Decision: K+S is driving the complete sale of the Operating Unit Americas forward and is realigning the company
Today, the Supervisory Board has agreed with the decision of the Board of Executive Directors from March 5, 2020 to drive the complete sale of the Operating Unit Americas forward. Signing is expected in 2020. Thus, the focus on the business with mineral fertilizers and specialties is connected with a comprehensive realignment of K+S. ...
Release of an Insider Information in accordance with Sec. 17 MAR
Current weak market environment: K+S reduces potash production
K+S is responding to the current weak demand for potash by reducing fertilizer production for potassium chloride by up to 300 thousand tonnes by the end of 2019.
Release of an Insider Information in accordance with Sec. 17 MAR
Potash production at the Werra plant secured until at least Christmas despite prolonged drought; full-year guidance confirmed
Despite the persistent, extreme drought, full production at the three sites of the Werra potash plant is now guaranteed up to and including December 23. Against this background and assuming a prolonged extreme drought, disposal-related stoppages in production are now only expected to continue over the holidays until January 1. Should significant rainfall occur in the coming days, these stoppages could be further reduced.
Release of an Insider Information in accordance with Sec. 17 MAR
K+S confirms significant increase of EBITDA for the year 2018, but misses current market expectations
The K+S Group is now expecting earnings before interests, taxes, depreciation and amortisation (EBITDA) in a range of € 660 – 740 million for the year 2018. This equals unchanged to a significant increase versus the previous year (€ 577 million).
Release of an insider information according to section 17 MAR
Deep-well injection application approved with restrictions
On December 23, 2016 the Kassel regional council approved the continued deep-well injection of saline wastewater from potash production at the Werra plant. The water law permit will be valid from January 1, 2017 until December 31, 2021 and enables an annual volume of 1.5 million cubic meters to be injected – two million cubic meters had been applied for on average for the years 2016 - 2021.
