Support The Moscow Times!

Nesis Sells Uralkali Stock

ICT Group president Alexander Nesis has sold half of his shares in potash producer Uralkali, Vedomosti reported Tuesday, citing a bond prospectus.

His stake was reduced from 9.94 percent to 5.1 percent.

Some of the shares could have been bought by Suleiman Kerimov, Zelimkhan Mutsoyev, Filaret Galchev and Anatoly Skurov, a source told Vedomosti.

The rest of the shares were most probably sold to portfolio investors, BKS analyst Oleg Petropavlovsky said. He considers the most likely buyers to be Russian and foreign banks.

This is not the first time when Nesis sells Uralkali shares. In June 2012 he sold 2.9 percent to PPF Group, Otkritie, Alexander Mamut and Oleg Malis. The deal was reportedly worth up to $700 million.


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.