Regions :: Eastern Europe :: Russia
Uralchem secures loan to pay for stake in potash producer Uralkali
2:15 AM MST | December 17, 2013 | Natasha Alperowicz
Fertilizer producer Uralchem (Moscow) said on Monday that it has secured a seven-year $4.5- billion loan from VTB Capital. Uralchem and its Kirovo-Chepetsk plant are the borrowers. Uralchem said that much of the loan will be used to finance its previously announced acquisition of a 20% share in Uralkali (Berezniki, Russia), Russia’s largest potash producer for $2.9 billion. The transaction, consisting of Moscow-traded Uralkali shares and global depositary receipts, includes the Uralkali stakes held by Anatoly Skurov and Filaret Galchev, and follows...
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