Uralkali Sees Flat 2014 Market Share, No Talks With Belarus April 10, 2014 (Source: Reuters) – Russia’s Uralkali, the world’s largest potash producer, said it had not held talks to return to a trading alliance with Belarus and planned to maintain market share at around 23 percent in 2014 after a first half drop last year...
...On Thursday Uralkali said it would continue to review strategic alternatives that could generate value for shareholders, but said it was not in negotiations with former partner Belaruskali.
“We are ready to discuss any opportunities profitable for the company and our shareholders,” Dmitry Osipov, Uralkali’s new chief executive, told a conference call when asked about possible cooperation with Belarus.
“But we are not aware of any talks at the moment,” he added...
...The threat of future sanctions could negatively affect Uralkali’s access to financial markets, Moody’s rating agency said in a note.
“However, Uralkali’s exposure to sanctions is limited as only 16 percent of its sales are exported to the U.S. and Europe,” the agency added. “This volume, in case of sanctions, can be easily redistributed to other markets – such as Asia, South America and Russia.”...
https://investorintel.com/potash-phosphate-press/uralkali-sees-flat-2014-market-share-talks-belarus/
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