Key Developments: Uralkaliy OAO (URALL.PK)
36.20USD
23 May 2013
$0.30 (+0.84%)
$35.90
$36.20
$36.20
$36.20
1,250
3,066
$43.25
$34.50
Latest Key Developments (Source: Significant Developments)
Uralkaliy OAO Announces Change in Shareholding Structure-AK&M
AK&M reported that on April 25, 2013 Sberbank Rossii OAO decreased its stake in Uralkaliy OAO from 16.9967% to 2.6082%. Moreover, on April 1, 2013 FENGUARD LIMITED decreased its stake in Uralkaliy OAO from 8.002% to 4.7913%. Full Article
SIB CYPRUS LIMITED Increases Its Stake in Uralkaliy OAO to 10.34%-Prime
Prime reported that SIB CYPRUS LIMITED (Sberbank Rossii OAO's subsidiary) has increased its stake in Uralkaliy OAO to 10.34% from 0.05%. The date of change in shareholding is April 22, 2013. Full Article
Uralkaliy OAO Places USD 650 Million in Five-Year Debut Eurobonds-Interfax
Interfax reported that Uralkaliy OAO has placed USD 650 million in five-year debut Eurobonds with a yield of 3.723% per annum, Mr. Andrey Solovev, Head of Debt Capital Markets Department of VTB kapital told Interfax. The book was oversubscribed more than three times, the applications filed more than 200 investors. Full Article
Uralkaliy OAO Announces Change in Shareholding-Interfax
Interfax reported that Mr. Alexander Nesis, the owner of Russia's ICT Group, has reduced his stake in Uralkaliy OAO to 5.1% from 9.94% as of August 2012, the Company reported in a memorandum for a Eurobond offering. Also, Mr. Suleiman Kerimov reduced his stake to 17.18% from 18.09%, while the stake of Mr. Zelimkhan Mutsoyev dropped to 6.43% from 8.37%; that of Mr. Anatoly Skurov shrank to 4.79% from 8.01%; and that of Mr. Filaret Galchev fell to 7.04% from 10.85%. Full Article
Fitch Ratings Affirms Uralkaliy OAO's Rating-Interfax
Interfax reported that Fitch Ratings has affirmed long term issuer default rating (IDR) of Uralkaliy OAO at BBB- with stable outlook. Full Article
Uralkaliy OAO Recommends FY 2012 Dividend Payment-SKRIN
SKRIN reported that the Board of Directors of Uralkaliy OAO has recommended distributing dividend for the fiscal year 2012 of RUB 3.9 per share. The final decision is to be made by the Company's General Shareholders' Meeting on June 4, 2013. Full Article
Uralkaliy OAO Founds Trading Subsidiary in Beijing-Interfax
Interfax reported that Uralkaliy OAO (Uralkali) founded the company Uralkali Traiding Beijing Co. Ltd, based in Beijing, China, this February, according to the Company's annual report to International Financial Reporting Standards (IFRS). The purpose of the new subsidiary will be to promote Uralkali's business in China by buying potash from Chinese importers and further directly distributing it to end customers, the report said. Full Article
Uralkaliy OAO Planning Up To USD 700 Million in Debut Eurobonds-Interfax
Interfax reported that Uralkaliy OAO's Board of Directors has approved the proposed placement of up to USD 700 million in debut Eurobonds maturing in up to seven years, the Company said in a statement. Full Article
Uralkaliy OAO Approves Sale of Stake in SOL-TV TV Company-SKRIN Newswire
SKRIN Newswire reported that on February 14, 2013 the Board of Directors of Uralkaliy OAO adopted a decision to sell the Company's stake (100%) in SOL-TV TV Company OOO, Uralkaliy OAO said in an official statement. Full Article
Uralkaliy OAO's Board of Directors Approves Joint Venture with Belaruskali-PRIME
PRIME reported that Uralkaliy OAO's Board of Directors has voted for establishing fertilizer trader Soyuzkali, a joint venture with Belarus’ Belaruskali, with a 200,000 Swiss franc equity, the Company said in a statement late on February 14, 2013. Uralkaliy OAO will get 50% in the JV, the statement said. The Company's CEO Vladislav Baumgartner said in September that the operation of Soyuzkali will start in the second half of 2013, while the current joint trader Belorussian Potash Company will be liquidated. Full Article
UPDATE 2-Uralkali to delay potash expansion if BHP mine proceeds
WINNIPEG, Manitoba, May 22 - Russia's Uralkali OAO would delay two of its potash mine expansion projects for as long as a decade if rival BHP Billiton builds the world's biggest mine of the crop nutrient, Uralkali's chief executive said in an interview.
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