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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

China fund, VTB Capital invest in Kerimov’s Uralkali

Posted on 12 November 2012

Billionaire Suleiman Kerimov and his partners in OAO Uralkali (URKA), the largest potash producer, sold bonds to China’s sovereign wealth fund and VTB Capital that can be exchanged for shares valued at about $3.2 billion.
Chengdong Investment Corp., a unit of CIC International Co., and Moscow-based VTB Capital bought bonds from the shareholders that mature in 2014 and are exchangeable into a 14.5 percent stake in Uralkali, the fertilizer producer said today in a statement. Uralkali had a market value of about $22 billion as of yesterday’s close………………………………………..Full Article: Source


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