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.'