Uralkali may delist before year-end ahead of imminent merger — report

Uralkali may delist before year-end ahead of imminent merger — report

The company's head offices. (Image courtesy of Uralkali)

Russia's Uralkali  (MCX:URKA)(LON:URALL), the world's largest potash miner, may delist its shares and merge with Uralchem, one of the company’s main shareholders.

According to an article published Monday by local newspaper Vedomosti (in Russian), Uralchem’s co-owner and main shareholder Dmitry Mazepin, would become the potash firm’s top stakeholder if the merger happened.

Currently Uralchem holds an almost 20% stake in Uralkali, which acquired in 20134. Mikhail Prokhorov's Onexim Group owns another 20% and China's Chengdong Investment Corporation has a 12.5% interest.