TOGLIATTIAZOT OJSC MAJORITY STAKE DEAL WILL NOT GO FORWARD
Corporation Togliattiazot CJSC, performing the functions of a sole executive body of Togliattiazot OJSC informs of cancellation of agreement with Credit Mediterranee SA fund in regards with the sale of majority stake in Togliattiazot OJSC.
It was agreed that Mr Kirsan Ilyumzhinov, the owner of Credit Mediterranee SA fund, would step down as a president of Corporation Togliattiazot CJSC.
Within the framework of his working trip to Togliatti, the Minister of Industry and Trade of the Samara Region, Andrey Shamin, visited PJSC TOAZ.
PJSC TOAZ (Togliattiazot), one of the leading mineral fertilizer producers in Russia, continues its large-scale production development program. The first stage of a major project to upgrade the loading tracks of the discharge/loading rack was completed at the ammonia preparation shop (No.13).
PJSC TOAZ (Togliattiazot), one of the leading mineral fertilizer producers in Russia, signed an investment agreement to build a new school and kindergarten in the Krasnodar Territory.