Three underwrite Eu1.4bn deal for K+S

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Three underwrite Eu1.4bn deal for K+S

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K+S, the German fertiliser group, has secured a Eu1.4bn ($1.9bn) loan backing its $1.675bn cash takeover of US company Morton Salt. The facility, announced today (Thursday), has been fully underwritten by Dresdner Kleinwort, HVB and Société Générale, and will be syndicated.

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