Tycoon Alexander Mamut has acquired a 3.5% stake in Russia’s largest fertilizer producer Uralkali for an undisclosed sum, Uralkali said on Tuesday.
Uralkali is currently in the process of a $24 billion merger with Silvinit to create the world’s second largest potash producer.
Uralkali said Madura Holding Limited, belonging to Uralkali’s former owner Dmitry Rybolovlev, sold 10% of the company to Perfecthold Limited, owned by Polymetal head Alexander Nesis on Monday. Perfecthold Limited sold 3.5% of Uralkali to Serpentia, owned by Mamut on Tuesday.
In June, Rybolovlev sold 53.2% of his shares to Nafta Moskva owner Suleiman Kerimov, and Nesis and Eurocement head Filaret Galchev. Analysts had said that one possible reason for the sale could be Rybolovlev’s need for cash in his international divorce battle with wife Yelena.
Uralkali said on Tuesday Madura no longer held any of its shares.
MOSCOW, April 19 (RIA Novosti)