Billionaire Mikhail Prokhorov’s Onexim Group agreed to buy Suleiman Kerimov’s stake in OAO Uralkali, bolstering prospects that a standoff over a global marketing venture for key crop nutrient potash will be resolved.
Billionaire Suleiman Kerimov and his business partners in OAO Uralkali may reach an agreement to sell their joint 33 percent stake as soon as next week, according to four people with knowledge of their discussions.
OAO Sberbank may take a stake in OAO Russneft as part of a deal in which AFK Sistema might acquire 49 percent of the Russian oil producer, Vedomosti said, citing a person close to Russneft founder Mikhail Gutseriev.
Billionaire Mikhail Prokhorov’s Onexim Group is among potential bidders for billionaire Suleiman Kerimov’s stake in potash producer OAO Uralkali, according to three people with direct knowledge of the matter.
European stocks were little changed after their biggest weekly advance since April, as Chinese exports rose more than expected and investors awaited a U.S. decision this week on possible air strikes against Syria.
OAO Russneft plans to raise oil output 14 percent to 14.7 million metric tons next year after creditors made higher output a condition for restructuring debt, RIA Novosti said, citing Chief Executive Officer Mikhail Gutseriev .