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

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.