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[$$] Russian lender Sberbank buys 10% stake in Uralkali

Max Seddon

, Russia’s largest lender, has purchased a 10 per cent stake in fertiliser group Uralkali, the world’s largest potash producer by output. The state-run bank said on Thursday that it had obtained the stake from Rinsoco Trading, a Cyprus-based company that bought 20 per cent of Uralkali from oligarch Mikhail Prokhorov in 2016. Uralkali shares rose 2.2.