Incitec Pivot chief executive Jeanne Johns addresses shareholders at the company's annual general meeting in Melbourne on Friday.Credit:Arsineh Houspian
But Ms Johns said it was still too early to know precisely how interested potential buyers were.
"We expected to have good interest and we've seen that ... it's too early to see how serious they are,serious is when they actually say how much they'd pay for it,just to put it in very colloquial terms.
"There's no doubt there's plenty of people that would love the business,but our shareholders obviously want to make sure that if we were to sell it that we get good value,"she toldThe Age andThe Sydney Morning Herald.
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The ASX-listed fertiliser and explosives maker,which has a market capitalisation of about $5.25 billion,announcedthe strategic review of its fertiliser division in September,noting at the time it could lead to a sale,demerger,or its retention with the backing of more investment.
Incitec Pivot chairman Brian Kruger said the company expected to finalise its position on the strategic review during the second half of this financial year.
Investment bankers from UBS are now testing the level of market interest in the business,which has about a 50 per cent share of the fertiliser market on Australia's east coast.