BELARUS NEWS AND ANALYSIS

DATE:

04/05/2010

Belarus says may sell stake in potash giant

MINSK, May 4 (Reuters) - Belarus may sell a minority stake in Belaruskali, one of the world's largest potash producers, President Alexander Lukashenko told Reuters on Tuesday.

Belaruskali owns 50 percent of the Belarussian Potash Co, a joint venture with Russian miner Uralkali that controls about 30 percent of the world potash market.

Asked in an interview with Reuters if he would consider selling a stake in Belaruskali to a foreign investor, Lukashenko replied, "I do not exclude it."

"If there was a good price for the shares, we would look at what stake we could sell. But for now Belarus will retain a controlling share," Lukashenko said.

(Reporting by Steve Gutterman and Andrei Makhovsky; Writing by Conor Humphries; Editing by Leslie Gevirtz)

Source:

http://www.iii.co.uk/news/?type=afxnews&articleid=7875146&action=article


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