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KuybyshevAzot OAO May Acquire 50% in JV with Unit of Linde AG-RFCM


Wednesday, 6 Feb 2013 07:00pm EST 

RFCM reported that the Board of Directors of KuybyshevAzot OAO has approved a new scheme for the Company's participation in a joint venture (JV) with the German Commercium Immobilien und Beteiligungs GmbH, a unit of industrial gas company Linde AG. KuybyshevAzot OAO may get a 50% interest worth up to €31.5 million in the joint venture. Partners are to build a plant to produce ammonia and hydrogen in the Samara Region on the Volga assessed at over €200 million. 

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