Onexim purchases stake in Uralkali
(MENAFN) Russia-based Onexim, owned by the billionaire Mikhail Prokhorov, has bought stake in the potash producer Uralkali, according to The Peninsula Qatar.
Prokhorov was forced to quit a sales deal with Belaruskali in July, which is owned by the state and runs two-fifths of the world's market.
Economy of Belarus is expected to shrink if the deal does not succeed, as the state depends on exports of potash and its revenues which reach 12 percent of the state's total revenues.
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