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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  Uralkali    URKA   RU0007661302

URALKALI

(URKA)
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Uralkaliy : Russia's Uralkali, Uralchem to buy Brazil's Fertilizantes Heringer

09/23/2019 | 11:52am EST

SAO PAULO (Reuters) - Russian fertilizer and chemical companies Uralkali and Uralchem have agreed with Fertilizantes Heringer SA to become controlling shareholders in the Brazilian firm that is now under bankruptcy protection.

In a securities filing, Fertilizantes Heringer said the Russian companies would buy the Brazilian firm's shares for 2 reais each in a deal that would result in a capital increase of up to $110 million (88.5 million pounds).

The Russian companies are already doing business in Brazil, one of the largest markets for fertilizers in the world, selling potash and nitrogen for companies who prepare and distribute formulations for farmers.

With Heringer, they will expand their presence in the country that is a leading global food producer.

Heringer used to be one of the 10 largest fertilizer companies in Brazil before launching a plan to restructure operations earlier this year, and then, filing for bankruptcy protection shortly after.

The company closed some installations, including plants and regional offices.

Uralkali is among the 10 largest players in the global fertilizer market. It is a large producer and exporter of potash, one of the three key components of the most popular formulations of fertilizers that also contain nitrogen and phosphorus.

Uralchem produces nitrogen and the company is a shareholder in Uralkali.

(Reporting by Marcelo Teixeira; Editing by Edmund Blair and David Evans)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
FERTILIZANTES HERINGER S.A. 7.64% 4.37 End-of-day quote.43.75%
URALKALI 0.00% 119.04 End-of-day quote.0.00%
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Financials (USD)
Sales 2019 2 782 M - -
Net income 2019 1 207 M - -
Net Debt 2019 4 854 M - -
P/E ratio 2019 125x
Yield 2019 -
Capitalization 2 106 M 2 059 M -
EV / Sales 2018 2,37x
EV / Sales 2019 2,62x
Nbr of Employees 20 000
Free-Float 0,02%
Chart URALKALI
Duration : Period :
Uralkali Technical Analysis Chart | URKA | RU0007661302 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 2,30 $
Last Close Price 1,62 $
Spread / Highest target 41,8%
Spread / Average Target 41,8%
Spread / Lowest Target 41,8%
Managers and Directors
NameTitle
Vitaly Lauk Chief Executive Officer
Sergey Viktorovich Chemezov Chairman
Anton Vladimirovich Vishchanenko Chief Financial Officer
Paul James Ostling Independent Director
Dmitry Vasilyevich Osipov Director
Sector and Competitors
1st jan.Capitalization (M$)
URALKALI0.00%2 059
YARA INTERNATIONAL ASA8.88%11 967
SAUDI ARABIAN FERTILIZERS COMPANY13.77%11 635
THE MOSAIC COMPANY23.12%10 740
CF INDUSTRIES HOLDINGS, INC.12.12%9 284
COROMANDEL INTERNATIONAL LIMITED2.30%3 348