According to the statement, Sberbank Investments LLC, as VPC equity financing investor, has taken the decision to extend its participation in the group’s potash project for a further four years.
Meanwhile, the group has paid the partner accrued investment income by exercising a put option on 19.9% shares of VPC with a simultaneous sale of the same stake back to Sberbank Investments LLC.
Read the article online at: https://www.worldfertilizer.com/potash/04072018/acron-and-sberbank-strengthen-partnership-within-talitsky-potash-project/