Bags of Ammonium Nitrate are Loaded at a Phosagro Plant

Bags of Ammonium Nitrate are Loaded at a Phosagro Plant

Andrey Rudakov/Bloomberg

A worker looks on as bags of ammonium nitrate are loaded onto a railway freight wagon at the OAO Phosagro plant in Cherepovets. Initial public offerings by Russian companies such as mobile operator OAO MegaFon and fertilizer producer OAO Phosagro have accounted for about 13 percent of the $63 billion raised in London in the last five years, Bloomberg data show.