Russia's Onexim to acquire 21 percent potash stake
(MENAFN) Onexim, a Russian investment vehicle, said that it plans to purchase a 21.75 percent stake in potash company Uralkali, The Peninsula reported.
No financial details were disclosed on the matter, but a report says that the transaction would value Uralkali at USD20 billion, which indicates the deal will be for USD4.35 billion.
Onexim chief executive said: "We are certain that the potash industry has strong fundamentals and that Uralkali, as the world's leading producer and the key player in the industry, has considerable potential for growth in value."
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