Mikhail Prokhorov's investment group, Onexim, is considering buying a stake in potash producer Uralkali, Bloomberg reported, citing three people with direct knowledge of the matter.
Speculation has mounted that Suleiman Kerimov may sell his 21.75 percent stake in Uralkali to a Russian buyer as part of a Kremlin-backed peace deal, which would also revive trading alliance with Belarus.
Prokhorov, a close former associate of Kerimov who ran in last year's presidential election, joins a long list of investors who are said to be interested in buying a stake in Uralkali from Kerimov and his partners.
Prokhorov, the owner of the Brooklyn Nets basketball team in the U.S., has not made a formal offer, Bloomberg said.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.