Sinochem Finds Little Govt. Support for Potash Bid

Sinochem Group may be unable to bid for Potash Corp. (POT), as the Chinese company is struggling to get state backing for the move.

The Chinese government has said it would prefer that the bid not be financed by credit from state banks, Bloomberg News reported without naming its sources.

Sinochem may still seek a minority stake in Potash Corp., which would be easier to finance.

In August, Potash…