December 10, 2019 / 3:53 PM / 4 months ago

K+S says it's considering sale of stakes in North American businesses

FRANKFURT, Dec 10 (Reuters) - German potash and salt miner K+S said it was looking into selling stakes in its North American businesses as part of a push to reduce debt.

A company spokesman said K+S was considering selling a stake in its Bethune potash mine in Canada, which he said was worth nearly 5 billion euros ($5.5 billion), or a cooperation with an industry partner, while ruling out an outright sale of the plant.

He added that K+S was also considering all options for its salt business in North and South America, which includes its Morton Salt brand.

The group was favouring a stake sale, which could be done via an initial public offering of the unit, the spokesman added.

$1 = 0.9073 euros Reporting by Ludwig Burger; editing by Thomas Seythal

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