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Reuters reported that Uralkali have sold bonds to a Chinese wealth fund that are exchangeable to shares, worth about $3 billion, potentially granting them a stake in their business.
Reuters reported that Uralkali have sold bonds to a Chinese wealth fund that are exchangeable to shares, worth about $3 billion, potentially granting them a stake in their business.
As quoted in the market report:
Sources familiar with the deal said it showed that Russia’s natural resources sector was open to strategic investment from its fast-growing Asian neighbour, a major buyer of the mineral fertilizer.