Deals
Uralchem Owner Mazepin Agrees to Buy 20% Uralkali Stake
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OAO Uralchem investors led by billionaire owner Dmitry Mazepin agreed to buy 20 percent of OAO Uralkali, giving him joint control of the world’s largest potash producer with Mikhail Prokhorov’s Onexim Group.
The purchase includes the holdings of billionaires Anatoly Skurov and Filaret Galchev, Moscow-based Uralchem said in a statement today. The plan to buy the stake, valued at about $3 billion at current prices, was first reported Nov. 26. Onexim last month agreed to buy 21.75 percent of Uralkali from billionaire Suleiman Kerimov.