Wednesday, July 18, 2007

Uralkaly to Raise $600 Million in Sale of 10 Percent Stake, People Say

(Bloomberg) -- Russian billionaire Dmitry Rybolovlev
plans to sell 10 percent of OAO Uralkaly, the world's fifth-
largest fertilizer producer, a year after abandoning a bigger
share offering, two people with knowledge of the situation said.

Rybolovlev, who owns 80 percent of Uralkaly, based in
Berezniki in the Ural mountains, may raise about $600 million
from selling shares that will trade in London, one of the people
said. Rybolovlev's holding may subsequently be reduced further
to a simple majority stake, the person said.


Read more at Bloomberg Emerging Markets News

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