News Headline Summary

K+S (SDF GY) says increases CAPEX for new Potash plant in Canada to CAD 4.1bln

Says:
- Output capacity of 2mln tons to be available as planned in 2017.
- Had seen output start at end of 2015.
- Potash project financing secured.

Reaction details:

- In an immediate reaction, Co. shares moved 1.20% lower from EUR 33.58 to EUR 33.18.
- UPDATE: 6 minutes following the news, co. have moved around 2.62% lower from EUR 35.58 to EUR 32.69.

Print 12:25, 22 Apr 2013 - DAX - Source: Newswires