African Potash and Beryl Holdings to expand in South AfricaStaff writer ▼ | December 2, 2015
African Potash has signed an agreement with South African company Beryl Holdings to expand its fertiliser trading operations in Southern and Eastern Africa.
Fertilizers African Potash now has an African business to manage
Under the terms of the deal, African Potash will enter into a long-term relationship with Beryl, whereby Beryl's main fertilizer activities - which include trading, logistics and financing - will be restructured and operated via a newly formed Mauritian company, which will become a wholly-owned subsidiary of African Potash.
Executive chairman Chris Cleverly said: "With Beryl Holdings' fertilizer division, we now have an African business to manage the significant growth opportunity which we have identified through implementation of our COMESA trading agreement.
"Growth by acquisition as well as organic development is part of our strategy for growth, thereby enhancing shareholder value." ■