Potash miner K+S
Potash Corp is facing a hostile $39 billion (25 billion pounds) bid from BHP Billiton
We are following the latest developments ... calmly, Jan Peter Nonnenkamp told Boersen Zeitung newspaper in an interview published on Saturday.
Asked if K+S, the world's fourth-largest potash miner, should act to ensure it does not become a takeover target, he said: A change of ownership at (Potash Corp) would not create new capacity.
The worldwide potash market would continue to offer sufficient space for K+S. That is true for standard products, but particularly more so for our specialty products, he said.
In the past few years, K+S was able to assert itself very successfully against export cartels like Canpotex or BPC.
Nonnenkamp said K+S would continue to create value for shareholders, which was the best protection against takeovers.
(Editing by John Stonestreet)