September 25, 2013 / 10:52 AM / 4 years ago

Prokhorov's Onexim eyes Uralkali stake - RIA

MOSCOW, Sept 25 (Reuters) - Russian tycoon-turned-politician Mikhail Prokhorov’s investment group Onexim is considering buying a stake in Uralkali, Russia’s RIA news agency reported on Wednesday citing Bloomberg.

Prokhorov is a close former associate of Uralkali’s largest shareholder Suleiman Kerimov, who has come under pressure to sell his stake after Uralkali triggered the collapse of a sales cartel with Belarus.

Bankers familiar with the dispute, in which Uralkali’s CEO has been detained in Minsk, say a resolution could involve bringing in a new Kremlin-backed investor in the role of peacemaker.

Onexim and Kerimov’s investment company Nafta declined to comment.

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