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Suleiman Kerimov Acquiring Belaruskali to Strengthen His Potash Empire

Friday, Jun 10, 2011 at 2:32 pm in Fertilizers
Posted by Tim Berg, Analyst

Russian newspaper Vedomosti reported that Nafta Moskva, controlled by Suleiman Kerimov, is close to the acquisition of a controlling interest in Belaruskali from the Belarusian government for $15 billion.  

Belaruskali is the fourth-largest potash producer globally. Last year, Suleiman Kerimov and partners bought a controlling interest in Uralkali, which is in the process of a merger with Silvinit. Uralkali and Belaruskali have been partners in potash exports through Belarusian Potash Company (BPC).  

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