Brief: Incitec Pivot Updates On Fertilisers Business Divestment Process

Dyno Nobel

15/05/2024 23:42

May 16 (Reuters) - Incitec Pivot Ltd  IPL.AX :
    * UPDATE ON FERTILISERS BUSINESS DIVESTMENT PROCESS
    * CONFIRMS THAT IT IS IN ADVANCED NEGOTIATIONS WITH PT PUPUK
KALIMANTAN TIMUR
    * IN ADVANCED NEGOTIATIONS WITH PT PUPUK KALIMANTAN TIMUR
FOR
POTENTIAL SALE OF ITS FERTILISERS BUSINESS
    * POTENTIAL SALE OF IPF IS SUBJECT TO AGREEING AND EXECUTING
FINAL
BINDING TRANSACTION DOCUMENTS
    * UNABLE TO COMMENCE PREVIOUSLY ANNOUNCED ON-MARKET SHARE
BUYBACK
PROGRAM AT THIS TIME
    * PKT CONFIRMED THAT SUBJECT TO SALE TRANSACTION COMPLETION,
WOULD
CONTINUE TO SUPPLY FERTILISERS TO AUSTRALIAN MARKET


Further company coverage:  IPL.AX 

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