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Uralkali Settles Dispute

Uralkali, the world's second-largest potash producer by capacity, said Friday that it had signed settlement agreements to exit a U.S. antitrust case.

Uralkali added that the agreements were signed with direct and indirect plaintiffs for $10 million and $2.75 million, respectively.

The agreements will come into effect after final approval by the U.S. Federal District Court for the Northern District of Illinois.

In September 2008, potash consumers brought civil antitrust complaints in U.S. federal courts against Uralkali and several other potash producers.

The complaints alleged price fixing violations of the U.S. Sherman Act since July 1, 2003, Uralkali added.

(Reuters)

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