Currency converter
News Feed
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

Uralchem reaches agreement on purchase of 20% of Uralkali shares

December 02, 2013, 17:40 UTC+3 MOSCOW
The stake makes up 20% of the company’s authorized capital
Material has 1 page
© ITAR-TASS/Igor Kubedinov

MOSCOW, December 02. /ITAR-TASS/. Shareholders in Russia’s fertilizer company Uralchem have reached an agreement in principle on the purchase of a package of shares and GDR of Uralkali potash giant that together make up 20% of the company’s authorized capital. The sides expect to close the deal in the short run, Uralchem said in a release.

“We are sure of the fundamental attractiveness of the potash fertilizer market and highly value the leading positions occupied by Uralkali on this market. The purchase of this package is a strategic investment for us that will create substantial value for the group and its shareholders,” Uralchem board Chairman and majority shareholder Dmitry Mazepin said, commenting on the deal.

Показать еще
In other media