Potash miner K+S is specialized enough to weather any takeover of Canadian rival Potash Corp

and survive as a standalone entity, the German firm's finance director told a newspaper.

Potash Corp is facing a hostile $39 billion bid from BHP Billiton . The Canadian firm's shares have traded well above the $130 that the offer represents, suggesting investors believe BHP will boost its offer or a rival bidder will emerge.

We are following the latest developments ... calmly, Jan Peter Nonnenkamp told Boersen Zeitung newspaper in an interview published on Saturday.

Asked if K+S, the world's fourth-largest potash miner, should act to ensure it does not become a takeover target, he said: A change of ownership at (Potash Corp) would not create new capacity.

The worldwide potash market would continue to offer sufficient space for K+S. That is true for standard products, but particularly more so for our specialty products, he said.

In the past few years, K+S was able to assert itself very successfully against export cartels like Canpotex or BPC.

Nonnenkamp said K+S would continue to create value for shareholders, which was the best protection against takeovers.

(Editing by John Stonestreet)