Shareholders in Russian fertilizer firm Uralchem have agreed to buy a 20 percent stake in the world's largest potash producer Uralkali, Uralchem said in a statement on Monday.
The main shareholder of Uralchem is billionaire Dmitry Mazepin, who has been interested in acquiring a share in the potash miner, sources previously said.
"We believe in the fundamental attractiveness of the potash market and appreciate the leadership position held by Uralkali in this market," Mazepin said in a statement.
The deal's value and the identity of the shareholders making the acquisition were not disclosed.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
