Moscow, 10 April 2012 – PhosAgro ("PhosAgro" or "the Company") (MICEX-RTS, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that the Russian Federal Antimonopoly Service (FAS) has approved the Company`s request for permission to acquire up to an additional 42.43% of voting shares in OJSC Apatit, which together with the stake already owned by PhosAgro represents 100% of Apatit`s outstanding shares.
The request was submitted as part of PhosAgro`s preparations to participate in the privatisation of the Russian Government`s shareholding in Apatit.
PhosAgro also intends to acquire shares held by private shareholders in Apatit, and has already reached agreements with several of the owners of significant stakes.