K+S shortlists billionaire, private equity firms in sale of Morton Salt -sources

By Joshua Franklin and Arno Schuetze

BOSTON/FRANKFURT, Aug 4 (Reuters) - German minerals miner K+S SDFGn.DE has shortlisted hedge fund billionaire James Simons' family office as well as private equity firms in the sale of its $2 billion Morton Salt unit, people familiar with the matter said.

Meritage, an investment vehicle for the Simons family of the founder of hedge fund Renaissance Technologies, has partnered with U.S. salt producer Kissner for its bid, they said. Kissner is owned by buyout group Stone Canyon Industries, which bought Kissner for $2 billion in April.

(Additional reporting by Patricia Weiss; Editing by Tom Sims)

((arno.schuetze@thomsonreuters.com; +49.69.7565.1197; Reuters Messaging: arno.schuetze.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.