2018-08-04 13:36:36

European Commission approves Uralchem’s intended purchase of Uralkali shares

The planned deal in which 10% of Uralkali shares could be purchased by Uralchem does not violate any competitiveness rules relating to the European market. The deal was assessed using simplified rules of assessing mergers of companies active in the European market. 

In November 2017, Uralkali’s Board of Directors approved the sale of up to 10% of shares to Uralchem, one of the company’s stakeholders. As a result of the deal, Uralchem’s stake in Uralkali will increase to 29.99%. Uralkali plans to spend the obtained funds to pay off some of its debts.

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