Acron sells US$170M of its stake in Uralkali to open market, leaving it with 1.8% holding in company
December 2, 2013
– Acron announces that it has sold a portion of its Uralkali stake for RUB 5.5 billion (approximately USD 170 million) in the open market, thus having decreased its stake in Uralkali to 1.77 per cent from 2.88. Average selling price was RUB 170.1 per share.
Acron Board of Directors Chair Alexander Popov comments:
“At this point, Acron Group is focused on implementing its investment programme, and to maintain a comfortable leverage the Group decided to sell some of its Uralkali shares.”