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PhosAgro Passes Resolution to Merge Agro-Cherepovets and Biotechnology

30 November 2012
Moscow – PhosAgro (or "the Company") (Moscow Exchange, LSE: PHOR), a leading global vertically integrated phosphate-based fertilizer producer, announces that it has decided to reorganise two of its subsidiaries by consolidating CJSC Biotechnology into CJSC Agro-Cherepovets.
 
The merger is part of PhosAgro’s programme aimed at optimisation of the Group’s subsidiaries structure.
 
PhosAgro owns 100% of CJSC Biotechnology and 100% of CJSC Agro-Cherepovets. The Company’s stake will not change after the reorganisation.