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Onexim Group to buy out Uralkali stakeholder

8:55 AM MST | November 18, 2013 | Natasha Alperowicz

Onexim Group (Moscow), one of Russia’s largest investment funds, said today that it has agreed to buy the 21.75% stake in Uralkali owned by the Suleyman Kerimov Foundation. The deal does not require any regulatory approvals, and the parties expect the transaction to close shortly. The terms of the transaction have not been disclosed. Onexim, founded by billionaire Mikhail Prokhorov, has agreed to invest in Uralkali, the world's largest potash miner, as Russia seeks to ease tensions with Belarus over the collapse of the Belarusian Potash Co. sales cartel...

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