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

Russia's Annual June Industrial Production Accelerates to 10.9 Percent

(Bloomberg) -- Russian industrial production grew an
annual 10.9 percent in June, the fastest pace in two-and-a-half
years, led by steam turbines, tractor-trailers and television
sets.

Growth accelerated from 6.7 percent in the previous month,
the Moscow-based Federal Statistics Service said in an e-mailed
statement today. The median forecast of 16 economists was for 6.6
percent. Output grew 12.5 percent in November of 2004.


Read more at Bloomberg Emerging Markets News