Sinochem hires HSBC regarding Potash options: report
China's Sinochem has hired HSBC , the target of a $38.6 billion hostile bid from BHP Billiton,
The blog said that the state-owned company's move is preliminary and doesn't mean the Chinese company has decided to make a counterbid for Potash.
Potash has held discussions with Sinochem, a source close to the matter told Reuters in August.
HSBC was not immediately available for comment. An attempt to reach Sinochem's offices in Houston was unsuccessful.
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