Moscow – PhosAgro (or "the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces the official state registration of an increase to Metachem’s authorised capital by way of a new contribution from PhosAgro.
As a result of the authorised capital increase, OJSC PhosAgro’s direct ownership in MetaChem increased to 66.79%, while PhosAgro Group’s total ownership increased to 74.76%.
PhosAgro’s potassium sulphate capacity is now increased by 80 thousand tonnes p.a. and tripolyphosphate capacity by 130 thousand tonnes p.a. In addition, PhosAgro’s sulphuric and phosphoric acid production capacities have increased by 4.5% (215 thousand tonnes p.a.) and 4.1% (80 thousand tonnes of P2O5 p.a.), respectively.