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Indonesian buyer hunts Incitec Pivot fertiliser bargain

Simon Evans
Simon EvansSenior reporter

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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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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/manufacturing/indonesian-buyer-hunts-incitec-pivot-fertiliser-bargain-20231113-p5ejgo