Wrangle over control of TogliattiAzot intensifies

摘要

Russian businessman Dmitry Mazepin is attempting to secure control of Russia’s TogliattiAzot nitrogen operations. The company produces 3.5 million mt/year ammonia and 1 million mt/year prilled urea. Mazepin, owner of nitrogen and phosphate fertilizer producer Uralchem, owns marginally below 10% shares in TogliattiAzot but is looking to increase his stake by persuading other shareholders in the company to sell out.