Indonesian buyer hunts Incitec Pivot fertiliser bargain
The interim chief executive of explosives and fertilisers group Incitec Pivot has rejected suggestions the company might be squandering value by preparing to sell the downtrodden fertilisers business at a low point in the cycle.
Paul Victor, who became interim CEO in early June after the exit of Jeanne Johns, a key driver of a plan to demerge the explosives and fertiliser businesses, said on Monday that a potential buyer had completed due diligence on the fertilisers arm.
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