Uralchem May Attract up to $600 million in IPO

Russian fertilizer producer Uralchem expects to attract during the IPO up to $ 600 million.

The company plans to begin the road show on April 19, 2010 and  to announce the price of placement on April 30, 2010.

Uralchem today began premarketing of the IPO, assuming placement of GDR on the amount of 40 percent of the existing capital. In the placement there will be used new issue of shares, handling receipts will be organized in London.

All funds earned from the IPO the company will send to debt repayment.

Nat Lawyer

Unel Legal Consulting