UralChem cleared to manage Perm Mineral Fertilizers
PERM. April 9 (Interfax) - The Federal Antimonopoly Service (FAS) has cleared OJSC UralChem Holding to manage Perm-based OJSC Mineral Fertilizers , the FAS said ion a statement.
The board at OJSC Mineral Fertilizers has recommended that shareholders, at a extraordinary meeting on April 28, vote in favor of transferring the enterprise's sole executive body to OJSC UralChem Holding.
UralChem controls 87.7% of Mineral Fertilizers: UralChem Holding owns 43.4232% while Uralchem Freight Ltd holds 44.27%.
OJSC UralChem Holding increased its stake in Mineral Fertilizers at the end of January from 2.195% to 43.4232% by purchasing a 41.2% stake from TAIR Invest (a structure close to SIBUR). TAIR Invest said the end of the sale of 51.22% in the enterprise. The buyer of the 10% stake has yet to be identified.