URALCHEM, JSC announces the closure of the deal to acquire shares in Uralkali, one of the world's largest producers of potassium chloride. After the transaction, URALCHEM, JSC obtained the right to control more than 75% of Uralkali’s authorized capital.
On November 25, 2020, the Arbitration Court of the Samara Region made a decision to introduce a supervision procedure for Tomet LLC. The same decision included URALCHEM in the list of the third-priority creditors with a demand to collect 77.3 billion rubles in favor of PJSC Togliattiazot and 10.3 billion rubles in favor of URALCHEM, JSC.
Dmitry Mazepin, Chairman of the Board of Directors of URALCHEM, Deputy Chairman of the Board of Directors of Uralkali, Chairman of the Russian-Belarusian Business Council, member of the Bureau of the Board of the Russian Union of Industrialists and Entrepreneurs (RSPP) took part in the session "Young entrepreneurs: hype or national idea?", which was held as part of the forum "Strong ideas for the new time".
URALCHEM became a member of the Association of Economic Cooperation with African States (AECAS). Together with the Association, the holding will work on a strategy for entering African markets and increasing the share of Russian business on the African continent.
URALCHEM JSC informs that Dmitry Trushkov was appointed as General Director of Voskresensk Mineral Fertilizers, JSC on August 31, 2020. Previously, he leaded KCKK Branch of URALCHEM, JSC in Kirovo-Chepetsk. Also, on August 31, 2020, Anatoly Shablinsky, who previously held the position of General Director of VMF, was appointed Director of the KCKK Branch of URALCHEM, JSC in Kirovo-Chepetsk.
In order to file further claims related to the fact of damage caused by the theft of Togliattiazot profits through a fraudulent scheme involving the Swiss offshore company Nitrochem Distribution AG, URALCHEM JSC has initiated a disclosure procedure in the US courts under Section 1782 of Title 28 of the US Code, which allows to obtain evidence in support of lawsuits outside the United States.