Russia Refuses to Pay $30 Billion for "Belaruskali"

16.06.2011 12:05

Deputy chairman of Russia's Sberbank Andrei Donskih reported that the companies of businessman Suleiman Kerimov are applying to the bank for financing Belaruskali shares purchase. "Specific parameters and amounts haven't been called yet. $30 billion assessment of Belaruskali needs clarifying and independent examining," said Andrei Donskih.

«We believe that this assessment should be subjected to examination by a professional appraiser,» RIA «Novosti» quoted Deputy Chairman of Sberbank.

Andrei Donskih announced Sberbank readiness to host the future deal. According to him, the Belarusian and Russian sides are negotiating at present.

As Telegraf previously reported, the Russian company Nafta Moscow, led by Uralkali co-owner Suleiman Kerimov, is interested in buying Belaruskali controlling stake. A source at the company reported that the sum of the potential transaction will be $15 billion, based on the overall company assessment of $30 billion. The same amount was voiced by the President of Belarus Alexander Lukashenko.

Meanwhile, as noted by analyst of Raiffeisenbank Konstantin Yuminov, a fair price of Belaruskali is 1.5-2 times lower than the claimed $30 billion.