Sergey Chemezov, the associate of President Vladimir Putin nominated to OAO Uralkali’s board, said his prime objective in joining the Russian potash producer isn’t to help it restore a marketing venture with Belarus.
Billionaire Alexander Nesis sold shares in OAO Uralkali, the world’s largest potash producer, two weeks after the company bought out fellow shareholder Zelimkhan Mutsoev for $1.3 billion, according to three people with knowledge of the matter.
Russian billionaire Alexander Nesis , an investor in OAO Polymetal and OAO Uralkali , plans to spend $1 billion on a railcar-factory project to meet domestic demand for transporting raw materials from mines and smelters.
Polymetal International Plc, the Russian gold and silver miner part-owned by billionaire Alexander Nesis, expects to write down the value of assets by as much as $340 million after a slump in the price of bullion.
Suleiman Kerimov amassed a net worth of $18 billion betting mainly on shares of companies controlled by Vladimir Putin only to gamble away the bulk of that on Morgan Stanley and other banks during the global financial crisis.