Brunei sells stake in JPMC to Indian firms

摘要

The Sultanate of Brunei, the largest shareholder in Jordan Phosphate Mines Company (JPMC) via its Brunei Investment Agency, has agreed to sell a 37% stake in the company to India's two largest importers and producers of fertilisers in a deal worth around $130 million. The stake is to be bought by Indian Potash Ltd and Kisan International Trading FZE, a subsidiary of the Indian Farmers Fertiliser Cooperative (Iffco). Brunei brought the stake in 2006 from Jordan when the country was seeking to attract foreign investment in an IMF-guided privatisation scheme to sell stakes in kev state enterarises.