Uralkali Owner Onexim Said to Oppose Idea of Uralchem Merger
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Billionaire Mikhail Prokhorov’s Onexim Group isn’t interested in merging PAO Uralkali, the world’s largest potash producer, with fellow shareholder OAO Uralchem, three people familiar with the situation said after a report of a potential tie-up.
There’s no sense in tying up the two companies as fertilizer producer Uralchem’s about $4 billion of debt would dilute the value of Uralkali, said one person with knowledge of shareholder plans and two people that work with both companies. All three asked not to be identified as the information is confidential.