CIC takes 12% stake in Russian potash producer
China Investment Corp. (CIC) is now the second largest shareholder in Russia's Uralkali - the world's biggest potash producer - after it converted bond holdings into equity equivalent to a 12.5% stake.
CIC first acquired the stake in Uralkali - now worth around $2 billion - through its wholly-owned subsidiary Chengdong Investment Corporation in a bond exchange deal with Wadge Holdings Limited, a UK hot...
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