K+S Aktiengesellschaft (XTRA:SDF) agreed to acquire 75% stake in Fertilizer business of Industrial Commodities Holdings (Pty) Ltd (ICH) on January 26, 2023. The new business will operate under the name Fertiva (Pty) Ltd. The balance of 25% of shares in Fertiva will be held by two former ICH shareholders, Jaco Raath and another shareholder who will now be a part of the Fertiva management team. The closing of the transaction remains subject to the fulfillment of a number of conditions, including obtaining required regulatory approvals and is expected to close during the second quarter of 2023. Michal Holzhäuser of Ashurst LLP Germany acted as legal advisor to K+S Aktiengesellschaft (XTRA:SDF).

K+S Aktiengesellschaft (XTRA:SDF) completed the acquisition of 75% stake in Fertilizer business of Industrial Commodities Holdings (Pty) Ltd (ICH) on July 3, 2023. The entire ICH fertiliser team joined Fertiva. ICH Board members Heinrich van Wyk and Peter Wales will remain on the board of ICH. Three new ICH board members join them from the ranks of the current senior leadership team. They are George Wood, Gavin Fell, and Craig Lloyd.