The Moscow Times
Billionaire Suleiman Kerimov may sell his stake in Uralkali, the world’s largest potash miner by output, financial media reported on Monday citing sources.
An offer has been made to the tycoon, who has been accused of abuse of power by Belarus following Uralkali’s dissolution of a key sales alliance with Belaruskali, for his more than 20 percent stake, the Kommersant financial daily reported.
The Russian-language edition of Forbes magazine carried a similar report, leading Uralkali shares to jump 7.5 percent in early trading in Moscow to their highest in six weeks.
The reports followed a posting on Facebook on Saturday by Russian lawyer Alexander Dobrovinsky who said Kerimov had already sold a large chunk of his shares, citing a well-connected source.
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