Potash Corp is prepared to launch a hostile takeover offer for German potash mining rival K+S under certain conditions, German newspaper Handelsblatt reported on Tuesday.

Daily Handelsblatt cited financial sources as saying that Canada's Potash Corp had talked to brokerages in Canada about such plans.

A Germany-based spokesman for Potash Corp was not immediately available for comment.

K+S has previously turned down a takeover proposal worth 41 euros ($45.85) per share. ($1 = 0.8943 euros)