Lukashenko Reiterates $30 Billion Belaruskali Price, Belta Says

President Aleksandr Lukashenko reiterated that Belarus won’t sell state-controlled fertilizer producer Belaruskali for less than $30 billion, Belta reported.

“We don’t have to sell this company, neither a single share, nor two shares, nor 10, nor the whole 100 percent,” Lukashenko said today during a meeting on the potash industry in the capital, Minsk, according to the news agency.

Belaruskali’s output will reach 11 million metric tons or more in 2015 after new mines are started, Belta cited Lukashenko as saying. Production of 15 million tons a year will be possible after the development of additional deposits begins and a second potash plant is opened, Lukashenko said, according to Belta.

To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus at akudrytski@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.