Belarus wanted businessman Kerimov sells his potash stake, shares up 6% — RT Business

Belarus wanted businessman Kerimov sells his potash stake, shares up 6% — RT Business:

"Global investors watching fertilizers are breathing again, after the sale of Suleiman Kerimov's stake in Russia’s potash giant Uralkalli was confirmed. Now the wanted Russian tycoon is exiting the company, a battle is unfolding among potential buyers.

Following weeks of rumors that Uralkali's key shareholder Suleiman Kerimov is going to sell his 21.75 percent stake, the head of law firm Alexander Dobrovinsky & Partners Alexander Dobrovinsky confirmed the purchase of Kerimov's stake on his Facebook page on Friday.

On Facebook Dobrovinsky also said that former banker Vladimir Kogan had paid Suleyman Kerimov $3.7 billion for up to 20% of his stake in the company.

Investors, who had been anticipating to have Kerimov out of Uralkali were cheered by the news, with the stock in the Russian fertilizer giant adding 6% on Monday on the news."

'via Blog this'