FARM BUSINESS NEWS
Local Buyer Seen for Uralkali Stake
Wed Oct 2, 2013 04:53 PM CDT

MOSCOW (Dow Jones) -- A large stake in Russian potash giant Uralkali is likely to be sold to one of several wealthy local investors bidding for the embattled company, despite interest from some potential foreign bidders, people close to the discussions said Wednesday.

The people said that the Kremlin is eager to repair a rift with neighboring Belarus that led to the collapse of an informal global price cartel in the vital fertilizer additive potash and the arrest in Minsk in August of Uralkali's chief executive on charges of abuse of office that the company has dismissed as political.

The ...

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