Centaurus Capital Increases Stake in Potash One, Target of K+S

Centaurus Capital LP, a London-based investment firm, on Dec. 31 acquired 0.1 percent of shares of Potash One Inc., bringing its stake in the company, which is being targeted by K+S AG, to 5.07 percent.

Centaurus said in a release distributed by Marketwire that it acquired all of its Potash One shares after K+S announced its takeover approach on Nov. 22.

K+S, Europe’s largest potash producer, agreed to buy Canada’s Potash One for C$434 ($436 million). Shareholders of Potash One will get C$4.50 a share in a “friendly” takeover accepted by the Canadian company’s board, Kassel, Germany-based K+S said when it announced the offer.

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