The army of lawyers and bankers around Incitec Pivot’s $1 billion-plus fertiliser deal are feeling good.
The ASX-listed company has been locked in negotiations for months with state-owned Indonesian group Pupuk Kaltim to offload its big Australian fertiliser division. As of Wednesday night, advisers on both sides were optimistic, “much more so than we were a few months ago”, that a deal would get done in coming weeks.
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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
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
