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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Russian investment fund to buy out Uralkali’s biggest shareholder

6:52 AM MST | November 22, 2013 | —Natasha Alperowicz

Onexim Group (Moscow), a leading investment fund, says it has agreed to buy the 21.75% stake in Uralkali owned by Russian billionaire Suleyman Kerimov. The deal does not require regulatory approvals, and the parties expect the transaction to close shortly. Buying Kerimov’s stake will make Onexim the biggest shareholder in Uralkali. Onexim, founded by another billionaire, Mikhail Prokhorov, has agreed to invest in Uralkali as Russia seeks to ease tensions with Belarus over the collapse of the Belarusian Potash Co. export cartel. Alexander Lukashenko...

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