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Regions :: Eastern Europe :: Russia

PhosAgro begins squeeze-out at subsidiary

6:10 AM MDT | August 18, 2014 | Natasha Alperowicz

PhosAgro (Moscow), Europe’s largest producer of phosphate fertilizers and the world’s largest producer of high-grade phosphate rock, has begun squeezing out all shares belonging to PhosAgro-Cherepovets minority shareholders. PhosAgro-Cherepovets was established following the merger of Ammophos and Cherepovetsky Azot.    After the voluntary share purchase offer, during which over 10% of minority shareholders tendered their shares, PhosAgro and affiliated parties now hold 97.99% of PhosAgro-Cherepovets,. PhosAgro plans to complete...

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