OREANDA-NEWS. On 22 July 2008 was announced, that EuroChem Mineral and Chemical Company, OJSC successfully finalized compulsory redemption of minority stock in its subsidiaries - Nevinnomyssky Azot, OJSC (Stavropol region) and Novomoskovskaya Joint-Stock Company Azot (Tula region).

The redemption process has been performed in full accordance with laws, state regulations, and at price exceeding indicated quotations on RTS.

Minority buy-out will allow EuroChem to improve its corporate management practices, increase efficiency and speed of decision-making process. EuroChem Mineral and Chemical Company is one of the very few vertically integrated holding companies, that managed to consolidate entirely its industrial assets in Russia.