Reuters: Regulatory News: UPDATE 1-Russian tycoon Evtushenkov says interested in Uralkali

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UPDATE 1-Russian tycoon Evtushenkov says interested in Uralkali Oct 22nd 2013, 11:06 Share this Email Print Reprints Tue Oct 22, 2013 7:06am EDT * Says the current selling price is too high * Sees current market price without a premium as fair VARANDEI, Russia Oct 22 (Reuters) - Vladimir Evtushenkov, owner of the Russian oil-to-telecoms conglomerate Sistema , is interested in a stake in Russia's Uralkali, the world's largest potash miner by output, he told reporters on Tuesday. Uralkali caused a row between Russia and Belarus when it unexpectedly pulled out of a sales cartel with the state-run Belaruskali in July. The move rocked the global potash industry and triggered speculation that the main owner of Uralkali, Suleiman Kerimov, may be under pressure to sell his stake so the cartel can re-form. "I am interested in Uralkali, it's quite clear that it's a question of price. Now the selling price is too high," Evtushenkov said, when asked whether he was interested in buying Kerimov's stake. He said he current market price of Uralkali, without a premium, was a fair one. Uralkali, whose shares have recouped most of their losses since plunging nearly 19 percent when the firm quit the joint venture on July 30, has a current market capitalisation of around $16.5 billion. Evtushenkov was attending a ceremony near the Arctic port of Varandei to launch the northern Russian Trebs and Titov oil fields, developed both by Sistema-owned Bashneft and Lukoil. Link this Share this Digg this Email Reprints

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