Uralkali gets Chinese shareholder
The Chinese fund Chengdong Investment has received 12.5% of its shares. It should facilitate the export of Ural potassium, experts say.
CIC is an affiliate of the state China Investment Corporation. The latter possesses $500 billion.
The Chinese part in Uralkali would not result in any commitments for the company, Vladislav Baumgertner said in November 2012. However, when CIC receives part of Uralkali shares it will be easier to negotiate with consumers in China. Over 20% of Uralkali products are exported to China.
12.5% of Uralkali shares used to cost about 2.8 billion dollars in 2010 and $1.97 billion yesterday. However, you cannot say that China has lost money: everything depends on the terms of the contract.
Photo: RIA Novosti.
