Uralkali Announced EGM Decisions
OREANDA-NEWS. On 22 October 2013, Uralkali (LSE: URKA, “the Company”) held its Extraordinary General Meeting of Shareholders (EGM) in the town of Berezniki (Perm region, Russia).
Uralkali's shareholders approved the following transactions:
Sberbank seven-year USD 400-million credit line;
VTB Capital PLC five-year unsecured loan facility in the amount of up to RUB 32.85 billion, with a simultaneous cross-currency interest rate swap with JSC VTB Bank.
Uralkali (www.uralkali.com <http://www.uralkali.com>) is one of the world's largest potash producers with a share of about 20% of global potash production. The Company's assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca. 11,800 people (in the main production unit). Uralkali's shares and GDRs are traded on the Moscow Exchange and LSE, respectively.
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