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India Interested in Buying Stake in Potash Producer Belaruskali

2:23 AM MDT | August 10, 2011 | Natasha Alperowicz

The Indian goverment is interested in acquiring a 20%-25% stake in Belaruskali (Soligorsk, Belarus), the second-largest producer of potash, and fourth-largest player in capacity terms, for $6 billion-$7 billion, according to reports. Alexander Lukashenko, president of Belarus, said earlier this year that state-owned Belaruskali is up for sale, and that he valued the company at $30 billion.   Manoj Kumar Bharti, India’s ambassador to Belarus, informed the Belarus government earlier this month about India’s interest in Belaruskali.  "As...

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