| China's sovereign wealth fund is to sell its stake in the Uralkali, as the Russian potash giant ramps up its share buyback programme. Chengdong Investment Corp, or CIC, has offered up for sale its 12.5% stake in the miner, priced at nearly $1.2bn according to the terms of Uralkali's share buyback.
The move bring Uralkali one step closer to what analysts believe may be its ultimate aim of a merger with Russian fertilizer group Uralchem. Uralkali's remaining shareholders will be invited for an extraordinary general meeting in November, the aims of which have not yet been specified...............................................Full Article: Source
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