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13.10 2011 07:43:45

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Buyback to shore up Uralkali share quotations

by Pavel Emelyantsev

Uralkali has announced a share buyback on the open market. The company intends to spend up to USD 2.5 billion for this purpose. Uralkali shares have gained 5% on the news after adding as much as 9% earlier. Obviously, the buyback holds appeal for investors and shareholders.

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