Acron and Sberbank strengthen partnership within Talitsky potash project
Save to read list
David Rowlands Editor
Wednesday, 04 July 2018 10:30
Acron Group has announced that – while the construction ramps up and shaft sinking commences at the Talitsky project – it continues to structure the financing of the project.
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/
You might also like
Wednesday 01 July 2020 11:00
The Clough and Saipem joint venture will act as the lead contractor for the EPC work that includes a water treatment plant, a power plant (100 MW), as well as urea storage, loading and unloading facilities.