69634644 Shareholders approved the merger "Silvinit" and the "BRIC"
Shareholders' Silvinit and Uralkali approved the creation of the combined company, reports RIA Novosti. As a result of combining the two companies will create a company with a market capitalization of $ 24 billion, said Reuters. On the merger Silvinit "and the" BRIC "was announced in late 2010. It is assumed that Uralkali buys 20 percent stake in its rival for 1.4 billion dollars, and other securities "Silvinit" will be converted into shares of Uralkali. The deal is scheduled for completion in May 2011, if by that date will be received all approvals from governmental agencies and regulators. Merging Uralkali and Silvinit "prepared from mid-2010. The idea to combine the company belongs to the Senator from Dagestan Suleiman Kerimov, who in June, together with its partners bought control of Uralkaly by Dmitry Rybolovlev. Karimov after the merger will receive 16.1 percent stake in the new company, the share of its business partners are not specified. In late December 2010, a group of minority shareholders' Silvinit reported that insists on the revision of the terms of the transaction a merger with Uralkali. In particular, the Russian holding "Akron", which owns 8.1 percent of ordinary shares Silvinit, tried to challenge in court the decision of the board of directors "Silvinit" to join Uralkali. Appropriate action, "Akron" was filed in the arbitration of the Perm region, but the outcome of the trial is not yet known.
