About face in IPL fert business sale as Indonesian deal off

Gregor Heard
Updated July 10 2024 - 11:20am, first published 11:16am
Incitec Pivot chief executive Mauro Neves said the company's focus would now be on the $900 million buyback scheme. Photo supplied.
Incitec Pivot chief executive Mauro Neves said the company's focus would now be on the $900 million buyback scheme. Photo supplied.

Long running negotiations between Incitec Pivot (IPL) and Indonesian state owned fertiliser manufacturer PT Pupuk Kalimantan Timur (PKT) regarding the sale of IPL's fertiliser arm have been called off.

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Gregor Heard

Gregor Heard

National Grains Industry Reporter

Gregor Heard is ACM's national grains industry reporter, based in Horsham, Victoria. He has a wealth of knowledge surrounding the cropping sector through his 15 years in the role. Prior to that he was with the Fairfax network as a reporter with Stock & Land. Some of the major issues he has reported on during his time with the company include the deregulation of the export wheat market, the introduction of genetically modified crops and the fight to protect growers better from grain trader insolvencies. Still involved with the family farm he is passionate about rural Australia and its people and hopes to use his role to act as an advocate for those involved in the grain sector.

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