CIC SWE Invests in Exchangeable Bonds in Uralkali
Proven reserves of potash are mainly concentrated in Canada and Russia. Uralkali OAO is a global potash producer that possesses five mines and seven ore-treatment mills located in Perm Territory in Russia. Uralkali wants to add potash production capacity and grow exports. The combination of drought and high food prices are major drivers of future increased planting in 2013. China is a big buyer of potash, a vital ingredient for fertilizer.
Progressively, China and Russia have initiated capital transactions since 2010.
On November 9, 2012, Uralkali informed key shareholders about the issuance of bonds exchangeable into ordinary shares. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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