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Uralchem subsidiary acquires Ventamonjaks

4:22 AM MDT | August 20, 2014 | Natasha Alperowicz

Uralchem (Moscow), a leading producer of nitrogen and phosphate fertilizers, has acquired a controlling stake in SIA Ventamonjaks, the largest liquid ammonia transhipment terminal in the Baltic Sea. It has an annual capacity of 1 million m.t./year and is located at the ice-free port of Ventspils, Latvia. The acquisition of the 55% stake was made by Uralchem Freight, a subsidiary of Uralchem. The transaction was carried out with the participation of ABLV Bank. "The purchase of the terminal is consistent with our strategic goal of providing logistics security...

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