Australia's Incitec Pivot falls on ending talks for fertiliser unit sale

Dyno Nobel

10/07/2024 01:54

** Shares of Incitec Pivot  IPL.AX  fall as much as 6.2% to
A$2.720, set to lose most since May 17, 2023 - if current trend
holds
    ** Co ends talks with PT Pupuk Kalimantan Timur (Pupuk
Kaltim)  PUPUK.UL , Southeast Asia's biggest urea fertiliser
maker, for the sale of its fertiliser business
    ** Stock of fertiliser producer hits lowest level since
April 26
    ** Stock had gained more than 18% this year, as of last
close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))