Russian potash miners Uralkali and Silvinit are  battling to complete their $23.9-billion merger after a court halted the process following a claim by investor Acron.

The news item is quoted as saying:

“[Acron is] again attempting to challenge the share conversion ratios duly approved by the shareholders of both companies and [is] seeking an injunction to block the merger-related procedures,” Uralkali said in a separate statement, also on Monday.

“Uralkali and Silvinit believe that the claim is entirely without merit and intend to contest it vigorously,” it said.

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