China Buys 12.5 Percent Stake in Uralkali | Business | The Moscow Times:
"China, the world's largest consumer of potash, has acquired a 12.5 percent stake in Russia's Uralkali, the leading producer of the soil nutrient, Uralkali said Tuesday.
The deal, a rare example of the Chinese acquiring direct ownership of Russian natural resource assets, took place amid speculation that tycoon Suleiman Kerimov might sell his large stake in Uralkali over a dispute between Russia and Belarus.
Chinese sovereign wealth fund China Investment Corp, or CIC, received the stake in Uralkali in a bond exchange deal with Wadge Holdings Ltd.
Wadge, owned by Uralkali's main shareholders, sold the exchangeable bonds to Chengdong Investment Corp, a subsidiary of CIC, last November."
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