Acron protests against Sylvinite’s merger

OAO Acron appealed to Head of Russian Federation Government Vladimir Putin, asking him to forbid the merger of OAO Uralkaliy and OAO Sylvinite, Vedomosti reports.

Acron President Ivan Antonov has sent two letters to Putin so far. The first one is a request to forbid the merger of two companies of any kind; the second one is a proposal that Russia’s Federal Antimonopoly Service should refuse Uralkaliy’s request to allow the merger with Sylvinite and that Russia’s Federal Financial Markets Service should look into the two companies’ compliance with the joint stock companies, securities, and investors’ rights regulations when preparing for the transaction.

In the meantime, the stockholders of the two fertilizer manufacturers have already approved of the merger.


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