[miningmx.com] — THE head of a major Canadian pension fund says a Chinese sovereign wealth fund is interested in making a joint-bid with a Canadian pension fund for fertilizer-maker Potash Corp. of Saskatchewan.
Leo de Bever, CEO of Alberta Investment Management Corp., which manages $70 billion Canadian (US$65 billion) in public sector pension funds, said his fund and other major pension funds in Canada have been approached by an intermediary looking to put together a rival bid to BHP Billiton’s $39bn hostile offer.
De Bever said he was not interested.
Australia’s BHP Billiton, the world’s biggest mining company, launched a hostile $130-a-share takeover for Potash on August 18 after the firm’s directors rejected its offer.
