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Nafta Moskva reportedly close to buy Belaruskali for USD15bn.

MANews-(C)2009-2011

The investment vehicle of Russian billionaire Suleiman Kerimov Nafta Moskva is near the purchase of a 50% plus one share stake in potash producer Belaruskali for USD15bn (EUR10.3bn), daily Vedomosti said today.

The Russian tycoon had yesterday reached an agreement on the terms of a deal with Belarusa[euro](tm) president Alexander Lukashenko for the stake in Belaruskali held by the government, the daily quoted people close to Kerimova[euro](tm)s majority owned fertiliser firm Uralkali (MCX:URKA).

According to Troika Dialog analyst Yevgeny Gavrilenkov, there is a chance for the deal to succeed due to the current economic crisis in Belarus.

As a result, Belaruskali may take part in the formation of the worlda[euro](tm)s biggest potash producer, once Uralkali finalises its USD24bn tie-up with Silvinit (RTB:SILVP; PINK:SLVTF).Country: Belarus, Sector: ChemicalsTarget: BelaruskaliBuyer: Nafta MoskvaDeal size in USD: 15bnType: PrivatisationStatus: Talks

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Publication:M & A Navigator
Geographic Code:4EXBE
Date:Jun 9, 2011
Words:151
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