December 7, 2010 / 12:54 PM / 8 years ago

Phosagro doesn't see Potash Corp deal in 12 mths

MOSCOW, Dec 7 (Reuters) - Russia’s Phosagro said it does not expect to buy a stake in Potash Corp POT.TO within the next 12 months, but now has more time to discuss the possible deal after BHP (BHP.AX) scrapped its bid for the Canadian company.

“It is probably fair to say that in the next 12 months there will be no sharp movement on this,” Phosagro CEO Maxim Volkov told reporters on Tuesday.

“Today... we have a lot more time to discuss the possible options of structuring the deal.”

He added that Phosagro is also continuing its preparations for an initial public offering (IPO) and is planning to issue Eurobonds. (Reporting by Gleb Bryanski; Writing by Toni Vorobyova; Editing by Erica Billingham)

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