According to the Russian News Service on the 10th, Russia’s largest potash producer Ural Potash and Shervinit announced their merger. On February 4, the above two companies convened a shareholders' meeting and unanimously passed the merger resolution. On Wednesday, Ural Potash signed a merger agreement with Shervinit. According to the agreement, before the end of February, Ural Potash Corp. invested US$1.4 billion to acquire a 20% stake in the company. At the end of the second quarter, Sylvnit completed the cancellation process and merged it with Ural Potash. The combined company will become the world's largest producer of potassium chloride.
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