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Kerimov to reach deal on Uralkali stake buy by end-June
Thursday 10 June 2010

Russian tycoon Suleiman Kerimov, co-owner of gold miner Polyus Gold (MCX:PLZL), could reach an agreement on the acquisition of a stake in potash miner Uralkali (MCX:URKA) by the end of the month, Reuters cited informed sources as saying on Thursday.

The insiders have not specified the size of the stake, but said the sum would be probably paid in installments and Kerimov would use some of his Polyus Gold shares as collateral.

Kerimov holds 37% of Polyus Gold.
Date Published: 10/06/2010
Target: Uralkali OAO
Country: Russia
Sector: Chemicals
Type: Stakebuilding
Status: Talks
Vendor: Dmitry Rybolovlev
Buyer: Suleiman Kerimov