Belarus eyes $6-7 billion from potash company stake sale
Investing News Network - June 30th, 2010
The Belarussian government hopes to raise up to $7 billion from the sale of a minority stake in potash producer Belaruskali to help replenish state coffers.
The Belarussian government hopes to raise up to $7 billion from the sale of a minority stake in potash producer Belaruskali to help replenish state coffers.
The press release is quoted as saying:
The parliament of Belarus voted this month to lift restrictions on privatization of Belaruskali. The company owns 50 percent of the Belarussian Potash Co, a joint venture with Russian miner Uralkali (URKA.MM) (URKAq.L) that controls about 30 percent of the world potash market.