Page ContentK+S Group completes C$434 million acquisition of Potash One Inc. Date Closed: 3/24/2011Value: C$434 million On March 24, 2011, K+S Canada Holdings Inc. (K+S Canada), a wholly owned subsidiary of K+S Aktiengesellschaft, concluded the acquisition of Potash One Inc. (Potash One) for approximately $434 million in cash, by way of a takeover bid. Potash One is a Canadian resource company which is engaged in the business of acquiring, exploring and developing potash deposits and properties. Potash One currently holds interests in the Legacy Project in Saskatchewan, Canada's most advanced greenfield potash development project. The K+S Group is one of the world’s leading suppliers of standard and specialty fertilizers. In the salt business, K+S is the world`s leading producer with sites in Europe as well as in North and South America. K+S shares – the only commodities stock on the German DAX index – are listed on all German stock exchanges. TSX-listed Potash One holds several potash exploration licenses in the Canadian province of Saskatchewan, with the most advanced being the Legacy Project. The Legacy Project, which would require a capital investment of approximately US$2.5 billion to develop, will be the first new potash mine built in Saskatchewan in 40 years. K+S Canada was represented in-house by Hans-Uli Boedicker. K+S Canada’s external counsel was BLG, with a team that included Fred Pletcher, Philippe Tardif, Eric Doherty, Melanie Bradley, Michael Waters, Stephen Robertson, Edward Wang and Jennifer Poirier (corporate and securities), Rick Bennett (tax), Jeffrey Thomas (Investment Canada), Graham Walker (transportation), Gabrielle Kramer (environmental), and Stephanie Lysyk (aboriginal).