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EuroChem Hires Goldman for $1.3 Billion Russian Acquisition

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, 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.

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