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Putin Campaigner Buys $269 Million Phosagro Stake From Guryevs

Vladimir Litvinenko, the former chairman of OAO Phosagro, boosted his stake in the Russian fertilizer producer company to almost 15 percent after buying shares from the controlling owners.

Carranita Holdings Ltd., controlled by the family of co-founder Andrey Guryev senior, sold 4.9 percent of Phosagro to Litvinenko for $269 million, the Moscow-based producer said today in a regulatory filing. The market value of the stake is $220 million, based on today’s share price in Moscow.