Uralkali Sells Bonds To Chinese Wealth Fund

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.

To view the full Reuters report, click here.