European Commission approves UralChemТs purchase of Uralkali - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

European Commission approves UralChemТs purchase of Uralkali

BRUSSELS, Aug 3 (PRIME) -- The European Commission has approved a bid of Russian fertilizer producer UralChem for a stake in another fertilizer producer Uralkali, the commission said in a statement on Friday.

In November 2017, UralkaliТs board of directors approved the sale of no more than 10% quasi-treasury stake in the company to UralChem.

УThe Commission concluded that the proposed acquisition would not raise competition concerns due to the lack of horizontal overlaps and limited vertical links between the companies' activities. The transaction was examined under the simplified merger review procedure,Ф the European Commission said.

According to the materials of the company as of October 20, 2017, UralkaliТs core owners were UralChem with a 20% stake, Rinsoco Trading Co. Limited with a 20% stake, while quasi-treasury shares accounted for 54.77% of the equity and 5.23% was free-float.

End

03.08.2018 14:06
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1142.08 +0.13 13:31 21 sep
micex 2413.05 +0.51 13:31 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 156.61 +1.46 13:13 21 sep
lkoh 4700.50 -0.01 13:13 21 sep
rosn 440.60 +0.43 13:13 21 sep
sber 192.32 +0.61 13:13 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep