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Following the Americas sale
K+S terminates KfW loan
K+S has terminated the syndicated credit line of €350 million agreed with the KfW state development bank and other banks in August 2020. At that time, the additional loan was agreed to provide additional financial resources if needed in the wake of the corona pandemic.
Q1/2021: Good start into the new year
Increased revenues and EBITDA - 2021 forecast raised
K+S significantly increased revenues and EBITDA in the first quarter compared to the prior-year period. Winter weather conditions, especially in Europe, resulted in an above-average increase in sales volumes of de-icing salt. Improved conditions in agriculture also resulted in higher sales volumes of fertilizers.
Saline water disposal
Preliminary proceedings discontinued
The public prosecutor's office in Meiningen has closed an investigation against representatives of K+S as well as authorities and ministries due to lack of suspicion.
K+S closes sale of Americas salt business to Stone Canyon Industries Holdings, Mark Demetree and partners
Today, K+S Aktiengesellschaft completed the sale of its Americas salt business consolidated in the Operating Unit Americas to Stone Canyon Industries Holdings LLC ("SCIH"), Mark Demetree and partners.
Ad hoc disclosure
K+S Aktiengesellschaft: K+S receives allowance from the U.S. Justice Department for the sale of the Americas operating unit and no longer anticipates any antitrust hurdles to the closing of the sale
The U.S. Department of Justice has allowed the sale of the Americas operating unit, which comprises the American salt business of K+S Aktiengesellschaft, to Stone Canyon Industries Holdings LLC, Mark Demetree and Partners to proceed.
Sale of the American salt business
US Department of Justice allows sale in the USA to proceed
The US Department of Justice has allowed the sale of the American salt business to Stone Canyon Industries in the USA to proceed.
Lower Saxony-Riedel mine
K+S will support local dialogue
K+S is pleased with the initiative of the Lower Saxony supervisory authority in addressing open issues concerning approval procedures for the Lower Saxony-Riedel mine and the tailings pile in Wathlingen, and finding a target-oriented solution accordingly.
2020 financial year
Keeping on track during the pandemic
Through extensive prevention measures and an effectively functioning crisis management system, K+S has been mastering the challenges of the ongoing corona pandemic comparatively well. The company posts operating earnings EBITDA of €445 million (2019: €640 million), including discontinued operations.
Change in the Board of Executive Directors of K+S
Holger Riemensperger appointed as new member of the Board of Executive Directors
The Supervisory Board of K+S Aktiengesellschaft has appointed Mr. Holger Riemensperger (51) to the Board of Executive Directors of the Company. As of April 1, 2021, he will assume responsibility as Chief Operating Officer (COO) for the management and further development of the Agriculture and Industry+ customer segments, and the Production and Engineering, Supply Chain as well as Health, Safety, Sustainability, Quality & Management System functions at K+S.
Ad hoc disclosure of K+S Aktiengesellschaft
K+S Aktiengesellschaft: K+S obtains unqualified audit opinion for the consolidated financial statements as of December 31, 2020
Following the presentation of the consolidated financial statements as of December 31, 2020 by the Board of Executive Directors, the Company's auditor, Deloitte GmbH Wirtschaftsprüfungsgesellschaft, Hanover, today issued an unqualified audit opinion on the 2020 consolidated financial statements.
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