FosAgro sent notification to the Registrar concerning the restructuring of Balakovskie Mineral Fertilizers , the company informed.
The decision on the restructuring was made Sep. 12. The target is undisclosed.
Balakovskie Mineral Fertilizers (Saratovsky reg.) is one of the largest
producers of fodder phosphates in Europe.
FosAgro (TIN 7736216869) is a vertically-integrated company and one of the leading world-known producers of phosphorous-containing fertilizers and apatite concentrate.
The Group includes Apatit, FosAgro-Cherepovets (formed within Ammofos/Cherepovetsky Azot merger), Agro-Cherepovets, Balaklavskie Mineral Fertilizers, FosAgro-Trans, FosAgro-Region and NIUIF. The apatite-nepheline ore reserves of the fields are appraised to gain 2.1bn ton. The ore base covers considerable reserves of aluminum oxide and above 41% of all rare-earth elements in Russia.
The 2012 net profit (IAS) moved up 9% to 24.51bn rub.; revenues added 5% to come to 105.303bn rub.; EBITDA dropped 2% to 34.695bn rub.
The IH 2013 net losses reached (RAS) 1.369bn rub. against 5.854bn rub. in profit prior year period. The revenues rallied down 6 fold to 1.012bn rub. from 6.266bn rub.; gross profit - 715mln rub. from 6.076bn rub.