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Russia's Uralkali approves deal to raise $3.9 bln from Sberbank
Russia's Uralkali, the world's largest potash producer, has approved plans to raise a total of $3.9 billion from Sberbank in two credit lines, the company said in a note to investors on Thursday.
The credit lines are split between a $2 billion line and a $1.9 billion credit line, Uralkali said.
Thursday's announcement followed an extraordinary general meeting of shareholders on March 15 which formally approved the decision first announced in January.