Deals
Uralchem Plans to Acquire $280 Million Perm Mineral Stake
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Uralchem is in talks with Sibur Holding to buy 51 percent of OAO Perm Mineral Fertilizers in a deal valued at at least $280 million as it seeks to gain from rising fertilizer prices.
The acquisition, which would bring Uralchem’s total holding in the company to 98 percent, may take two to three months to complete, Chief Executive Officer Dmitry Konyaev told reporters today in Moscow. Konyaev said Perm Mineral is valued at $550 million. Sibur’s press office declined to comment.