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Phosagro doesn't see Potash Corp deal in 12 mths

9 December 2010

Reuters News

It is probably fair to say that in the next 12 months there will be no sharp movement on this," Phosagro CEO Maxim Volkov told reporters on Tuesday.

"Today... we have a lot more time to discuss the possible options of structuring the deal."

He added that Phosagro is also continuing its preparations for an initial public offering (IPO) and is planning to issue Eurobonds. (Reporting by Gleb Bryanski; Writing by Toni Vorobyova; Editing by Erica Billingham)