Ad-hoc
K+S Aktiengesellschaft: K+S receives allowance from the U.S. Justice Department for the sale of the Americas operating unit and no longer anticipates any antitrust hurdles to the closing of the sale
19.04.2021 – 9:02 PM CEST
Release of Insider Information according to section 17 MAR
The U.S. Department of Justice has allowed the sale of the Americas operating unit, which comprises the American salt business of K+S Aktiengesellschaft, to Stone Canyon Industries Holdings LLC, Mark Demetree and Partners to proceed.
Now that there are no more antitrust hurdles, K+S assumes that the closing of the sale on April 30, 2021 is predominantly probable from today`s perspective. The enterprise value amounts to USD 3.2 billion. The purchase price payment of around EUR 2.5 billion will be made in cash.
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