ACRON: Acron Buys Back EDB's Interest in Talitsky Potash Project
Acron Buys Back EDB's Interest in Talitsky Potash Project
Acron exercised a call option and bought back 9.1% of shares held by Eurasian Development Bank in Talitsky potash project. After the transaction, Acron Group's interest in Verkhnekamsk Potash Company reached 60.1% shares.
Acron Group is a leading global vertically integrated mineral fertiliser producer in Russia with a diversified product portfolio consisting of complex and straight nitrogen-based fertilisers, as well as industrial products.In 2015, the Group's sales volume was 6.3 million tonnes. Acron sold its products in 60 countries. Russia and China are its key sale markets.
In 2015, the Group posted consolidated revenue under IFRS of RUB 106,055 million (USD 1,740 million) and net profit of RUB 16,706 million (USD 274 million).Acron's shares are listed on the Moscow Exchange and its global depositary receipts are traded on the London Stock Exchange (ticker AKRN). Acron employs over 13,000 people.
A high degree of vertical integration, including three chemical production facilities, a phosphate mine, the potash mining project, wholly owned transport infrastructure and an international distribution network, create a platform for the Group's dynamic growth.