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Onexim sells its stake in Uralkali to Belarus businessman

Onexim is one of the largest Russian private investment funds with a diversified portfolio of investments in mining, finance, real estate, media, energy and high technologies’ sectors

MOSCOW, July 8. /TASS/. Belarus businessman Dmitry Lobyak purchased the stake earlier held by Russian investment company Onexim in Uralkali potash producer, Uralchem told TASS on Friday.

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"The company is positive regarding entry of a new shareholder - Belarus businessman Dmitry Lobyak - to Uralkali. We are cooperating with Dmitry Lobyak and his companies in a number of projects related to supplies of our products for a long time and fruitfully. We consider definitely positive the fact he has rich experience of work in mineral fertilizers sphere," the company said.

Uralchem hopes relations between the company and the new shareholder in Uralkali "will be no less meaningful than with the previous shareholder - Onexim group," the company said.

Lobyak is the chief executive of Belarus’ Yuras-Oil. According to materials on its website, the company is operating as the wholesale supplier of chemical products.

Onexim sold 20% in Uralkali potash producer to companies affiliated with Uralchem owner Dmitry Mazepin, Onexim’s representative told TASS on Friday.

Onexim did not give any transaction details. "We are not the party to the transaction and therefore are unable to comment," Uralkali’s representative told TASS.

Onexim is one of the largest Russian private investment funds with a diversified portfolio of investments in mining, finance, real estate, media, energy and high technologies’ sectors.

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