World's Largest Phosphate Miner Said Open to Overseas Investors
- OCP says share offering not taboo, `red line' is state control
- CEO isn't averse to buying assets; yet to see opportunities
This article is for subscribers only.
The world’s largest miner of phosphate, a fertilizer crucial for the health of crops around the globe, is considering foreign shareholders for the first time in almost a century.
OCP SA, 95 percent owned by the Moroccan state, is studying bringing in investors such as sovereign wealth funds as a prelude to an initial public offering within two to three years, said two people familiar with the plans, who asked not to be identified as talks are private.