Uralkali stake up for sale

Moscow-Potash giant Uralkali on May 27 confirmed that majority owner Madura Holding Ltd. is in preliminary discussions with a number of interested third parties regarding a possible sale of shares in the company. Uralkali said as far as it is aware, the discussions are at an early stage and there is no certainty about the terms and structure of such a transaction, or that an agreement will be reached. Major media outlets had reported that billionaire Dmitry Rybolovlev is shopping around his majority stake in Uralkali to fellow billionaires.