30 June 2010
China called most likely buyer of Belaruskali shares
MINSK, 30 June (BelTA) – China is among the most probable buyers of the Belaruskali shares, First Deputy Prime Minister of Belarus Vladimir Semashko told reporters on 30 June, BelTA has learnt. According to Vladimir Semashko, Chinese investors purchasing Belarusian potash fertilizers are the most probable buyers of the stake in Belaruskali. “In theory, the fact that China is among the biggest buyers of our potash fertilizers will guarantee the steady exports of the fertilizers if China purchases a stake in the company,” he said. Vladimir Semashko underlined that Belaruskali’s minority stake is estimated at about $6-7 billion. “It is a probable cost of the minority stake, not even a blocking stake. The overall cost of the company is many times higher than the declared cost,” the First Vice-Premier specified. The manufacturing corporation Belaruskali is one of the world's biggest producers of potash mineral fertilizers and is the biggest producer in the CIS. Functioning on the basis of the Starobin deposit of potash salts, Belaruskali comprises four mining departments, auxiliary shops and servicing units. The company employs about 20,000 professionals. Belaruskali products are supplied to over 50 countries across the globe.БЕЛТА