Acron, one of Europe’s top 10 mineral fertilizer producers, may sell up to 20 percent of existing or new shares to investors as soon as market conditions allow, its main owner, Vyacheslav Kantor said.
“We are ready to either sell shares of the main owner or issue (new) shares of the company,” Kantor told reporters in Moscow on Monday.
Acron has assets and projects in Russia, China and Canada and holds a minority stake in Poland’s top chemical-maker, Tarnow .
“As soon as the market conditions allow, we will sell a minimum of 10 percent and a maximum of 20 percent of our shares via a [secondary public offering],” Kantor said.
(Reuters)
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.
