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Acron ups Russian potash project stake to 60.1%

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Acron ups Russian potash project stake to 60.1%

JSC Acronsaid April 26 that it has exercised a call option to buy back a 9.1% stake in theTalitsky potashproject in Russia from Eurasian DevelopmentBank.

Following the transaction, the company's stake in project operatorCJSC Verkhnekamsk Potash Co.will amount to 60.1%.

Separately, the Acron board recommended for approval a 2015 dividend of 180 Russian rublesper share, compared to 139 rubles per share proposed a year earlier.