People & Business :: M&A
Russian Potash Firms Complete Merger; May Acquire Belarus Producer
6:36 AM MDT | June 17, 2011 | Ian Young
Uralkali (Berezniki) and Silvinit (Solikamsk), Russia's biggest producers of potash, have completed their previously announced merger. The deal creates the world's second-biggest supplier of potash by capacity, behind PotashCorp and ahead of Mosaic, with production of about 11 million m.t./year, analysts at investment bank Troika Dialog (Moscow) say. Russia has an estimated 32% of the world's proven potash reserves. The transaction took the form of a cash-and-shares acquisition by Uralkali of Silvinit, and the merged company takes the Uralkali name. Russian...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee