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.


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.