PhosAgro to Merge Metachem and PhosAgro-Trans with Apatit

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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 
[phone] ext 2187 
[e-mail] 
 
Timur Belov, Press Officer 
[phone] 
 
EM 
Sam VanDerlip 
[e-mail] 
[phone] 
[phone] 
 
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 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=443ca16678306c21ad7d78a6b83a5230&application_id=761917&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 24, 2018 11:00 ET (16:00 GMT)