Support The Moscow Times!

Silvinit Shares Undervalued

Silvinit’s share price is at least 25 percent undervalued in a proposed takeover by Uralkali, the country’s biggest potash producer by market value, the Moscow-based Investor Protection Association said Wednesday.

Silvinit’s minority shareholders should vote to block the merger at a Feb. 4 meeting, the association, which includes funds that invest in the company, said in a statement.

Preferred shares were valued at a 61 percent discount to the common shares, the association said.

(Bloomberg)


Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.