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PhosAgro OAO To Sell Its Entire 21.85% Stake in Pikal'evskaya soda ZAO and Part of Production Facilities of Metakhim OOO-Interfax


Wednesday, 24 Apr 2013 05:09am EDT 

Interfax reported that PhosAgro OAO is planning to sell its stake in Pikal'evskaya soda ZAO, as well as a part of production facilities of Metakhim OOO. Currently, the Company holds a 21.85% stake in Pikal'evskaya soda ZAO and a 74.8% stake in Metakhim OOO. Pikal'evskaya soda ZAO and part of the production facilities of Metakhim OOO are shown as assets and liabilities held for sale due to management's decision to dispose these production facilities. Necessary measures for the sale of the disposal group have been initiated, and its sale is expected in June 2013. Further details of the transaction were not disclosed. 

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