Business Services Industry
Fertiliser shake-up could take time to hit shipping.
Australasian Business Intelligence, August, 2002
Aug 29, 2002 (Lloyd's List Daily Commercial News - ABIX via COMTEX)
Australian chemical and fertiliser giant Incitec has sold its Crop Care business to NuFarm for $A75m. It has also announced plans to sell its industrial chemicals business to parent Orica, and plans to table an all-scrip takeover offer for the Pivot co-operative. Watching these developments closely will be Western Bulk Carriers, which recently secured a 12-month contract with Pivot to transport all of its supplies out of supply points. A merger between Incitec and Pivot could prove problematic for Western Bulk, as Incitec has traditionally used Anderson Hughes to carry out its broking needs.
Publication Date: 29 August 2002
INCITEC LIMITED - ASX ICT:
ORICA LIMITED -...
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