trending Market Intelligence /marketintelligence/en/news-insights/trending/Xe8iLVEuCtYYm0vS4tEC3A2 content esgSubNav
In This List

Onexim sells Uralkali stake

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Onexim sells Uralkali stake

Onexim Group has sold its 20% stake, which has a market value of US$2 billion, inpotash producer PJSCUralkali, Reuters reported July 8.

Onexim said the stake was bought by Dmitry Mazepin, theowner of fertilizer maker Uralchem, which already holds 20% of Uralkali.

Meanwhile, Uralchem told Reuters that the stake was insteadbought by Dmitry Lobyak, which has worked with Uralchem over its productsupplies.

Mazepin and Lobyak were schoolmates, a Belarusian businesssource told Reuters.

According to a source familiar to the deal, Onexim receivedcash for the stake sale and passed the debt taken on to acquire it to thebuyer, who purchased the interest at a significant premium to the currentmarket price.

Meanwhile, banking sources told Reuters that Russia'sbiggest lender Sberbank financed the deal.