'K+S CFO eyes acquisitions in salt business'

28 Aug, 2006

German salt and fertiliser maker K+S is looking at acquisitions and may consider taking out loans to help meet its strategic targets, finance head Norbert Steiner told the Boersen-Zeitung newspaper.
"Salt is one of our strategic growth areas, and we will continue to keep our eyes open and see if we can bolster our growth externally," the paper quoted Steiner as saying in its Saturday edition.
In particular, the company was looking at south east Asia. And its aim was to become a global player in the salt industry.
K+S recently bought South America's largest salt producer, Sociedad Punta de Lobos (SPL), for $477 million. Steiner also told the newspaper he did not rule out increasing the dividend, which was 1.80 euros per share for 200.

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