Pursuits
China Fund, VTB Capital Invest in Kerimov’s Uralkali
This article is for subscribers only.
Billionaire Suleiman Kerimov and his partners in OAO Uralkali, the largest potash producer, sold bonds to China’s sovereign wealth fund and VTB Capital that can be exchanged for shares valued at about $3.2 billion.
Chengdong Investment Corp., a unit of CIC International Co., and Moscow-based VTB Capital bought bonds from the shareholders that mature in 2014 and are exchangeable into a