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Belarus ready for cooperation talks with new owners of Uralkali

November 20, 2013, 15:07 UTC+3 MINSK
Russian billionaire Mikhail Prokhorov’s investment group Onexim agreed to buy a 21.75% stake in Uralkali from his former partner Suleiman Kerimov
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© Uralkali Press Service

MINSK, November 20. /ITAR-TASS/. Belarus is set to consider proposals and hold cooperation talks with new owners of Russian potash producer Uralkali.

Russian billionaire Mikhail Prokhorov’s investment group Onexim agreed to buy a 21.75% stake in Uralkali from his former partner Suleiman Kerimov.

“If proposals are put forward, we will consider them and we are ready for talks,” a spokesman for Belarus Potash Company told Itar-Tass on Wednesday.

The Belarusian side would be guided by pragmatic approaches, he said. “If the situation on the markets stabilizes after Uralkali receives new owner, we will be only glad,” he said.

In September, Belarusian President Alexander Lukashenko spoke of possible further interaction with Uralkali.

“Owners will change, people interested in the production of potash fertilizers at Uralkali will come and we are ready to work with them,” he said, adding that restoration of partnership relations would raise prices for potash fertilizers. “I do not say there will be a three- or five-fold increase in prices as it was one day. You see the state of the global economy, but I am confident that we will increase the prices one and a half or two times during this year or early next year.

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