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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Nets owner and sovereign funds eye Uralkali stakes

Posted on 26 September 2013

The billionaire owner of the Brooklyn Nets basketball team, Mikhail Prokhorov, and two Asian groups are among potential bidders for stakes in Russian fertiliser group Uralkali as the group’s oligarch shareholder prepares to sell out amid a spat with neighbouring Belarus.
A person close to Uralkali said an Asian sovereign wealth fund and an Asian industrial group had each expressed interest in buying a 10 per cent to 15 per cent stake in Uralkali, the world’s biggest potash producer. China’s sovereign wealth fund CIC took a 12.5 per cent stake in the group this week………………………………………..Full Article: Source


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