Uralkali, Silvinit shareholders approve merger

Moscow-OJSC Uralkali has announced that the proposed combination of Uralkali with OJSC Silvinit was approved by shareholders of both companies Feb. 4, 2011. Completion of the proposed merger, which will create one of the world’s leading potash companies, is expected in May, subject to receipt of required governmental and regulatory approvals. Uralkali shareholders representing 98.9 percent of the votes cast at the meeting voted to approve the merger of Uralkali and Silvinit. Silvinit shareholders representing 90.9 percent of the votes cast at the meeting voted for the merger.