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Kassel (dpa) - The fertilizer group K + S is about to complete the sale of its American salt business.
The US judicial authorities have approved the continuation of the sales process, the company announced on Monday evening in Kassel.
Now that K + S no longer sees any obstacles under antitrust law, it is assumed that “from today's perspective, the closing of the sale is largely likely around April 30, 2021”.
At the beginning of October, K + S announced its intention to sell the division with an enterprise value of 3.2 billion US dollars (2.67 billion euros) to the industrial holding company Stone Canyon Industries Holdings LLC, Mark Demetree and Partners.
As stated in the announcement from Monday evening, the purchase price of 2.5 billion dollars will be paid in cash.
The people of Kassel urgently need the money to reduce their debt.
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© dpa-infocom, dpa: 210420-99-272371 / 2