OREANDA-NEWS. Fitch Ratings says there is no immediate rating impact on Russian potash player Uralkali (BB-/Stable) from its new shareholder structure.

ONEXIM officially announced the sale of its 20% equity stake in Uralkali to Belorussian businessman Mr. Lobyak on 8 July 2016. Uralkali's other shareholders are OJSC Uralchem (controlled by Mr. Mazepin) which controls around 20%, and 8% free float. The remaining equity is quasi-treasury shares bought back by Uralkali to date. Since Uralchem and ONEXIM's acquisition of Uralkali's stakes in 4Q13 the company's board and top management has effectively been controlled by Mr. Mazepin.