Support The Moscow Times!

Acron Eyes Share Sale

Acron, one of Europe’s top 10 mineral fertilizer producers, may sell up to 20 percent of existing or new shares to investors as soon as market conditions allow, its main owner, Vyacheslav Kantor said.

“We are ready to either sell shares of the main owner or issue (new) shares of the company,” Kantor told reporters in Moscow on Monday.

Acron has assets and projects in Russia, China and Canada and holds a minority stake in Poland’s top chemical-maker, Tarnow .

“As soon as the market conditions allow, we will sell a minimum of 10 percent and a maximum of 20 percent of our shares via a [secondary public offering],” Kantor 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.