EuroChem owners transfer company shares to Swiss EuroChem Group AG
MOSCOW. Sept 30 (Interfax) - Swiss EuroChem Group AG has become the direct owner of 89.83% of the charter capital of Russian fertilizer producer OJSC Mineral and Chemical Company EuroChem, according to EuroChem materials.
Cyprus-based EuroChem Group SE, 92.2% of which is controlled by Andrey Melnichenko and 7.8% by EuroChem CEO Dmitry Strezhnev, transferred its shares to the Swiss company. The deal took places as part of a reorganization of the group. The remaining 10.17% of EuroChem's charter capital is in treasury shares.
In late 2012, EuroChem announced its plans to create a new holding company abroad as a step ultimately leading towards an initial public offering (IPO). EuroChem Group AG was registered in July 2014 in Zug, Switzerland, and is wholly controlled by EuroChem Group SE.
