Uralkali Eyes Control of Belaruskali

Reuters reported that Uralkali (LON:URKA) is seeking a valuation of Belaruskali as it considers a bid for control of the company.

The market news is quoted as saying:

“The obvious option for an acquisition is Belaruskali, although for the moment it is not for sale,” [Chief Executive Vladislav] Baumgertner said at the Reuters Russia Investment Summit. “From a strategic point of view Belaruskali is a very attractive target for us, but it is not a public company and therefore hard to make a valuation. We do not have enough information to make a valuation. If we decide to buy, it will be a controlling stake of course,” he told Reuters Insider Television at the summit, held at the Reuters office in Moscow.

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