Incitec taps Indonesian firm for Aussie fertiliser unit

Incitec Pivot has arranged site trips and due diligence for Pupuk Kaltim in recent days, AFR reported. — Reuters

BENGALURU: Incitec Pivot has tapped Indonesia’s Pupuk Kaltim as the preferred buyer of its Australian fertiliser business in a deal that could be worth about A$1.5bil (US$989mil or RM4.46bil), according to the Australian Financial Review (AFR).

The company has arranged site trips and due diligence for Pupuk Kaltim in recent days, the newspaper reported, citing sources familiar with the matter.