Date: 3 days ago   Category: Industry

Sberbank decided to sell the equity stake of Uralkali of the Cyprian company — Rambler News Service


Sberbank made the decision to sell 10% of shares of Uralkali of the Cyprian company Rinsoco Trading Co which suggested to buy the equity stake in the middle of March, reported in the press service of Sberbank. "After detailed consideration of conditions of the obligatory offer from Rinsoco Trading Co of March 15, 2019, Sberbank made the decision to accept this offer and to realize 10% the equity stake at the price of 89.3 rubles for an action" — it is said in the statement. It is noted that in Sberbank carried out the detailed analysis of a possibility of sale of shares on terms offered within the offer. The decision to realize a package at the price and in the terms provided by the offer was as a result made. On December 6, 2018 Sberbank through "daughter" Sberbank Investments became the owner of 10.18% of stocks of Uralkali. Later the head of bank German Gref said that Sberbank does not plan to increase a share in the company. Uralkali is engaged in production of potash fertilizers. Production assets of the company include five mines and seven concentrating factories in Berezniki and Solikamsk in Perm Krai.

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