December 23, 2011 10:51
SIBUR signs agreement with UralChem to sell stake in Perm Mineral Fertilizers
MOSCOW. Dec 23 (Interfax) - Russian petrochemicals company Sibur and fertilizer producer UralChem Holding have signed an agreement for the sale of a 51.22% stake in OJSC Perm Mineral Fertilizers, the companies said in a joint press release.
The two companies' boards of directors approved the deal at their meetings on December 22.
On December 21, UralChem expressed its interest in purchasing a controlling stake in Perm Mineral Fertilizers. It estimated the enterprise at roughly $550 million but was ready to raise the price of its offer by 5%-10%.
The sides did not disclose the cost of the deal. However, a market source told Interfax that the deal will be completed based on a higher estimate.
At present, Sibur owns 3.15% of shares and options to acquire a 48.07% stake in Perm Mineral Fertilizers. UralChem owns 46.47% of shares.
On Wednesday, CJSC Siberian Business Union (SDS) bought Kemerovo Azot (RTS: AZKM), the Angarsk Nitrogen Fertilizer Plant and LLC Biysk Railcar Repair Enterprise from Sibur Mineral Fertilizers. A source familiar with the details of the deal said that the transaction cost $1 billion.
With the sale of Perm Mineral Fertilizers to UralChem, Sibur has completely withdrawn from the company's non-core business in producing mineral fertilizers.
(Our editorial staff can be reached at firstname.lastname@example.org)
October 24, 2016
VTB placing 25 bln rubles in overnight bonds at 99.9719% of face value
Contact group on Ukraine to discuss new security zones in Donbas on October 26
Roadmap on Donbas may be approved before yearend, implemented from January - source
Russia to provide Ankara with reconnaissance data to assist Syria operation - newspaper
MICEX and RTS Indexes at 11:00 MSK
YIELD ON VTB'S ONE-DAY BONDS FOR 25 BLN RUBLES IS 28.1 KOPECKS - BANK
Investigative Committee opens criminal case in connection with helicopter crash in Transbaikalia that killed three people
TransContainer's RAS net profit up almost 50% in 9M
Over 270 tonnes of imported products not meeting standards removed from sale in Russia this year - Rospotrebnadzor
Growth of Mechel shares exceeds 10%, shares reach highest point since spring 2013
China ready to invest $11 bln into Baikal tourism development, memorandum signed
Russian stock market opens on Mon with 0.3%-0.5% growth for MICEX, RTS, Mechel rallies
Puchkov to discuss intl humanitarian contacts with colleagues in Budapest, Geneva
Rose Gottemoeller, who is serving her final days in the post of U.S. Under Secretary of State for Arms Control and International Security and who will soon leave for Brussels, where she will take the position of NATO Deputy Secretary General, has given an interview to Interfax correspondent Ksenia Baygarova, in which she speaks about Moscow‘s recent decision to suspend the Plutonium Management and Disposition Agreement.
George Papadopoulos has been one of U.S. presidential candidate Donald Trump‘s foreign political advisors since March 2016. Prior to this, he was an advisor to Ben Carson, a neurosurgeon and Republican Party member who dropped out of the presidential race. Papadopoulos previously worked for various research institutes dealing with global politics. His sphere of interest is global energy. Papadopoulos has given an interview to Interfax‘s correspondent Ksenia Baygarova in which he discusses his views on U.S.-Russia relations, the Syrian crisis, NATO expansion and the dependence of the EU on Russian energy. Papadopoulos noted that his opinion does not necessarily coincide with that of Trump.
U.S. co-chairman of the OSCE Minsk Group James Warlick, who has recently visited Moscow, has given an interview to Interfax‘s foreign political desk editor-in-chief Olga Golovanova in which he speaks about Washington‘s perception of the prospects of the Nagorno-Karabakh settlement.