Mikhail Prokhorov‘s Onexim Group which owns 20 percent in Russia’s Uralkali, the world’s biggest potash producer, may merge with Russian shareholder Uralchem, the Vedomosti daily reported on Monday, quoting five of different sources.
According to the report, in case of a merger, both companies which currently trade in both Moscow and London, may delist its shares at the end of the year.
Dmitry Mazepin, Uralchem’s main shareholder, might become the largest stakeholder in the new company if the merger goes through.
Uralchem already holds a 19.99 percent shares in Uralkali, with Mikhail Prokhorov’s group and Chinese Chengdong Investment Corporation holding 12.5 percent.
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