WSJ: Uralkali stake likely to be sold to local buyer

|About: Uralkali Jsc 144 A (URALL)|By:, SA News Editor

Agriculture and potash names are moving higher following a WSJ story suggesting a large stake in Russian potash giants Uralkali (URALL.PK +3.3%) likely will be sold to one of several local investors bidding for the company.

Sources say the Kremlin is eager to repair the rift with Belarus that led to the collapse of the informal global potash cartel and has made clear to potential bidders that some kind of sales cooperation with the country - a close Russian ally - should be restored after any deal.

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