Wednesday 23 October 2013

Uralkali Shareholder Kerimov Said to Get New Approach for Stake - Bloomberg

Uralkali Shareholder Kerimov Said to Get New Approach for Stake - Bloomberg:

"Billionaire Suleiman Kerimov received a new approach for his stake in potash producer OAO Uralkali from Russian property investor Alexey Khotin, according to four people with knowledge of the matter.
Khotin contacted Kerimov about the 33 percent stake he shares with two partners, the people said, asking not to be identified because the discussions are private.
The lack of an agreement to buy Kerimov’s stake is delaying a revival of a potash marketing partnership with Belarus, destroyed by Uralkali’s withdrawal in July. Belarusian President Aleksandr Lukashenko has said a reconciliation of the venture that accounted for 40 percent of global exports can only be considered if Uralkali’s ownership changes."

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