Arkady Rotenberg agreed to buy 80 percent of Minudobreniya in an acquisition that may value the fertilizer maker at $1.3 billion.
The deal includes a 30 percent stake in Rossosh, as Minudobreniya is known, from Yara International that Rotenberg bought for $390 million, Oslo-based Yara said in a filing Wednesday.
Yara received net dividends of $64 million ahead of the transaction, the statement shows. The deal will add about 1.4 billion kroner ($261 million) to Yara's third-quarter pretax income, it said. Yara controlled 30 percent of Rossosh through a 38 percent interest in Yaibera, which owned 80 percent of the Russian fertilizer maker, the filing shows.
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