Sinochem Approaches Temasek Regarding Possible Potash Bid
Temasek has not made any decision on whether to join the consortium, Reuters reported without naming its sources. It is not clear if the consortium plans to bid for Potash Corp or to buy a stake large enough to block BHP Billiton's (BHP) planned takeover.
Chinese officials ordered state companies to meet investment bankers to find a way to block the BHP's hostile bid.
China is eager to secure sources of potash to help feed its huge population.