Incitec Demerger Could Spark A$10.7 Billion in Bids, UBS Says
Stock Chart for Incitec Pivot Ltd (IPL)
“The timing and rationale of a demerger could be right,” UBS analysts led by Ramoun Lazar said yesterday in a report. “The separated structure could also attract interest from both strategic and financial buyers given the strong position of both businesses.”
Melbourne-based Incitec’s explosives business could attract a A$6 billion takeover from Yara International ASA (YAR), Wesfarmers Ltd. (WES) or private equity funds, while the fertilizer unit may be worth A$4.7 billion to North American rivals such as Mosaic Co. (MOS), UBS said.
To contact the reporter for this story: Phoebe Sedgman in Melbourne at firstname.lastname@example.org
To contact the editor responsible for this story: Richard Dobson at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.