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Shareholders Approve Russian Potash Merger

7:32 AM MST | February 7, 2011 | Natasha Alperowicz

The boards of Uralkali (Berezniki, Russia) and Silvinit (Solikamsk, Russia) have announced that shareholders of both companies have approved a previously announced merger, which will create the world's third largest potash producer. The merger is expected to be completed in May, subject to government and regulatory approvals. "We are pleased that the shareholders of both companies have overwhelmingly recognized the compelling rationale underlying the merger," says Pavel Grachev, CEO and member of the board of Uralkali. Vladislav Baumgertner, CEO and...

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