Silvinit, Russia's No 1 potash producer at the centre of take-over speculation, said on Sunday two offshore firms have bought large minority stakes, without identifying the people behind the deals. Fenguard Ltd and Forman Commercial Ltd have bought 20 percent and 24 percent stakes in Silvinit respectively, the world's fifth-largest potash producer said in a statement.
The company provided no information about the people behind the offshore companies and Silvinit officials were not immediately available to comment. According to media reports last month, Russian billionaire Suleiman Kerimov is eyeing a merger between Silvinit and rival Uralkali, where he is the largest shareholder, to create the world's second-biggest potash miner.
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