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OJSC PhosAgro (PHOR)
PhosAgro to Merge Metachem and PhosAgro-Trans with Apatit
24-Dec-2018 / 17:00 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer / publisher is solely responsible for the content of this
announcement.
For Immediate Release 24 December 2018
PhosAgro to Merge Metachem and PhosAgro-Trans with Apatit
Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading
vertically integrated phosphate-based fertilizer producers, has made a
decision to reorganise JSC Apatit by merging JSC Metachem and JSC
PhosAgro-Trans into Apatit.
PhosAgro CEO Andrey Guryev said: "This reorganisation aims to further
improve management and operational efficiency, strengthening PhosAgro's
competitive advantages as a vertically integrated company. With the merger
of JSC Metachem and JSC PhosAgro-Trans into JSC Apatit, PhosAgro will
complete the transfer of its production assets into one legal entity."
The merger is scheduled to be completed on 1 April 2019. No redundancies for
operating staff are planned in connection with this merger; all social
obligations will be fulfilled as before. The structure of tax payments to
regional and municipal budgets will also not undergo significant changes.
For further information please contact:
PhosAgro
Alexander Seleznev, Head of Investor Relations Department
+7 495 232 9689 ext 2187
ir@phosagro.ru
Timur Belov, Press Officer
+7 495 232 9689
EM
Sam VanDerlip
vanderlip@em-comms.com
+44 7554 993 032
+7 499 918 3134
About the Company
PhosAgro is one of the world's leading vertically integrated phosphate-based
fertilizer producers in terms of production volumes of phosphate-based
fertilizers and high-grade phosphate rock with a P2O5 content of 39% and
higher.
The Company is the largest phosphate-based fertilizer producer in Europe (by
total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of
high-grade phosphate rock with a P2O5 content of 39%, a top-three producer
of MAP/DAP globally, one of the leading producers of feed phosphates (MCP)
in Europe, and the only producer in Russia, and Russia's only producer of
nepheline concentrate (according to the RAFP).
PhosAgro's main products include phosphate rock, 39 grades of fertilizers,
feed phosphates, ammonia, and sodium tripolyphosphate, which are used by
customers in 100 countries spanning all of the world's inhabited continents.
The Company's priority markets outside of Russia and the CIS are Latin
America, Europe and Asia.
PhosAgro's shares are traded on the Moscow Exchange, and Global Depositary
Receipts (GDRs) for shares trade on the London Stock Exchange (under the
ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in
the MSCI Russia and MSCI Emerging Markets indexes.
More information about PhosAgro can be found on the website: www.phosagro.ru
[1].
ISIN: US71922G2093
Category Code: ACQ
TIDM: PHOR
LEI Code: 635400F8A3KGJIIBIK95
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 7005
EQS News ID: 761917
End of Announcement EQS News Service
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(END) Dow Jones Newswires
December 24, 2018 11:00 ET (16:00 GMT)
