FD promotes IPO of potaash group

MOSCOW: Financial Dynamics has been brought on board by Uralkali, Russia's largest producer of potash.

The firm accounts for around ten per cent of the global production of potash, which is used to make fertiliser, glass and soap.

FD's Moscow office won a competitive pitch for the business and will advise the firm on a global IPO - Russian billionaire owner Dmitry Rybolovlev is seeking to raise £580m through the sale of shares.

Michael Guerin, head of Financial Dynamics' Russia and CIS ­operations, said: ‘We expect the region to remain one of Europe's most active ­sources of initial public offerings in the foreseeable future.'

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