OAO EuroChem, Russia’s largest maker of nitrogen fertilizer, hired Goldman Sachs Group Inc. to advise the company on a possible acquisition of 80 percent of OAO Minudobreniya that will value the rival at $1.3 billion.
Rossosh, as Minudobreniya is also known, is part-owned by Yara International ASA (YAR), EuroChem said in a statement today.
Lawmaker Nikolai Olshansky and businessman Alex Rovt, who jointly control Rossosh, have been trying to sell it for more than $1 billion to Ukraine billionaire Dmitry Firtash, co-owner of natural-gas trader Rosukrenergo, Vedomosti said yesterday.
Rossosh officials weren’t immediately available for comment when Bloomberg News called the company’s offices today.
To contact the reporter on this story: Ilya Khrennikov in Moscow at firstname.lastname@example.org
To contact the editor responsible for this story: Brad Cook at email@example.com