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Russian billionaire Rybolovlev in talks to divest Uralkali stake
Thursday 27 May 2010

Russian tycoon Dmitry Rybolovlev, major shareholder of potash fertiliser maker Uralkali (MCX:URKA), is seeking buyers for his controlling stake in the company, business daily Kommersant wrote today, citing sources in the know.

The country´s 10th richest man is negotiating with other Russian billionaires to offload the stake at a price above its current market value, the daily said.

Among the potential buyers are Polyus Gold (MCX:PLZL) owners Suleiman Kerimov and Mikhail Prokhorov, Russia´s wealthiest man Vladimir Lisin as well as Vladimir Evtushenkov, the main owner of conglomerate Sistema (MCX:AFKC), and Vladimir Potanin, a shareholder in Norilsk Nickel (LON:MNOD), a source told Kommersant.

Kerimov and Potanin are believed to be the most likely buyers of the shares though Potanin´s investment vehicle Interros dismissed plans for acquiring Uralkali. Prokhrov´s representative, in turn, said talks over a potential deal have ended.
Date Published: 27/05/2010
Target: Uralkali OAO
Country: Russia
Sector: Chemicals
Type: Divestment
Status: Talks
Vendor: Dmitry Rybolovlev
Buyer: Vladimir Potanin, Vladimir Evtushenkov, Mikhail Prokhorov, Vladimir Lisin, Suleiman Kerimov