Arab Today, arab today russia\s no 3 potash firm announces ipo terms
Last Updated : GMT 12:49:27
Arab Today, arab today
Arab Today, arab today

Russia\'s No. 3 potash firm announces IPO terms

Arab Today, arab today

Arab Today, arab today Russia\'s No. 3 potash firm announces IPO terms

Moscow - AFP

Russian agriculture firm Phosagro plans to raise at least $500 million (350 million euros) in a public offering on the London and Moscow exchanges next month, the company said in a statement. The offering implies a company valuation of $4.8 billion to $6.1 billion, Phosagro said, putting it just behind Russia\'s second-biggest potash producer Silvinit. With the industry consolidating worldwide, Silvinit will next month merge with Russia\'s biggest producer Uralkali. Phosagro, whose chief Vladimir Litvinenko is a close ally of Prime Minister Vladimir Putin, has received permission to float up to 21.35 percent of its shares as Global Depository Receipts (GDRs) outside Russia. Late last year, Phosagro announced plans to make a rival bid for the world\'s biggest fertilizer maker Potash Corp to counter a hostile offer made at the time by mining giant BHP Billiton. That attempt failed, but the Uralkali alliance has been mentioned as a possible taker of a stake in the main potash producer of Belarus. The importance of potash fertilizer has grown over the last years owing to mounting demand for food in the world and rapidly-expanding China is a major importer of the product.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia\s no 3 potash firm announces ipo terms Arab Today, arab today russia\s no 3 potash firm announces ipo terms

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia\s no 3 potash firm announces ipo terms Arab Today, arab today russia\s no 3 potash firm announces ipo terms

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday