Wednesday 11 September 2013

Norilsk Tipped as Possible Uralkali Buyer | Business | The Moscow Times

Norilsk Tipped as Possible Uralkali Buyer | Business | The Moscow Times:

"Metals giant Norilsk Nickel might buy a 21.7 percent share in the potash producer Uralkali from its major shareholder Suleiman Kerimov, who is seeking to resolve a conflict with the Belarussian government, a news report said Wednesday.

The deal for Kerimov's stake, valued at about $4 billion, might be closed by the end of this month, The Wall Street Journal reported, citing a person with knowledge of the matter.

The list of potential buyers also includes several unidentified Russian tycoons.

Kerimov is ready to sell the assets if that helps release Uralkali chief executive Vladislav Baumgertner from prison in Minsk, the newspaper said."

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