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Analysts sceptical about sale of Incitec Pivot fertiliser business

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Incitec Pivot might be edging closer to selling its Australian fertilisers business – Indonesia’s Pupuk Kaltim is understood to be the preferred bidder – but Morgan Stanley isn’t so sure it’s going to sail through.

Incitec Pivot’s chief executive Jeanne Johns left the business on June 30. Chris Hopkins

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/analysts-sceptical-about-incitec-pivot-fertiliser-biz-sale-20230803-p5dto3