Kerimov, Uralkali Owners Study Sale of Russia Rare-Earth Company
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OAO Uralkali’s billionaire owners, led by Suleiman Kerimov, are studying a potential sale of rare-earth producer OAO Solikamsk Magnesium Plant and have held talks with a Rosatom Corp. unit, company executives said.
Solikamsk Magnesium shareholders have been in discussions to sell it to state-run Rosatom’s uranium-mining unit ARMZ, Solikamsk board member and Uralkali Chief Operating Officer Evgeny Kotlyar said in a Sept. 22 interview in the Perm region. He couldn’t comment on the outcome of the talks. Artyom Gorbachev, an ARMZ spokesman in Moscow, declined to comment.