The board of Russian potash producers Uralkali and Silvinit announced on the 20th that the two companies plan to merge. It is said that after the merger, the company will become the second largest potash fertilizer producer in the world.
According to the merger plan announced by the two companies, Uralkali will invest approximately US$1.4 billion to acquire approximately 20% of Silvinit’s common shares at a price of US$894.5 per share. At the same time, it will exchange new shares to exchange the remaining common and preferred shares of the company. .
Both companies decided to hold a general meeting of shareholders on February 4 next year to discuss the merger plan. If approved by the general meeting of shareholders, the merger process will be completed by the end of the second quarter of next year.
Uralkali is Russia's largest and the third largest potash fertilizer producer in the world. 90% of its products are exported abroad, mainly to Brazil, India, China and Malaysia. According to reports, if Russia's two major potash fertilizer giants merge successfully, the established potash fertilizer company will account for 20% of the global potash fertilizer market, making it the world's second largest potash fertilizer producer after Saskatchewan Potash Corp. of Canada.
According to the merger plan announced by the two companies, Uralkali will invest approximately US$1.4 billion to acquire approximately 20% of Silvinit’s common shares at a price of US$894.5 per share. At the same time, it will exchange new shares to exchange the remaining common and preferred shares of the company. .
Both companies decided to hold a general meeting of shareholders on February 4 next year to discuss the merger plan. If approved by the general meeting of shareholders, the merger process will be completed by the end of the second quarter of next year.
Uralkali is Russia's largest and the third largest potash fertilizer producer in the world. 90% of its products are exported abroad, mainly to Brazil, India, China and Malaysia. According to reports, if Russia's two major potash fertilizer giants merge successfully, the established potash fertilizer company will account for 20% of the global potash fertilizer market, making it the world's second largest potash fertilizer producer after Saskatchewan Potash Corp. of Canada.
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