China's CIC acquires 12.5 pct stake in Uralkali in exchange for bonds

Tue Sep 24, 2013 2:20am EDT
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MOSCOW, Sept 24 (Reuters) - Chinese sovereign wealth fund, China Investment Corp (CIC), has acquired a 12.5-percent stake in Russia's Uralkali in a bond exchange deal, two sources familiar with the matter said on Tuesday.

The main owners of Uralkali, the world's largest potash producer, sold the exchangeable bonds to Chengdong Investment Corporation, a subsidiary of CIC, last November. The bonds are due in 2014.