While the construction ramps up and shaft sinking starts at the Talitsky project, Acron Group continues to structure the financing of the Project.
Sberbank Investments LLC, as VPC equity financing investor, has decided to extend its participation in the Group’s potash project for another four years. Meanwhile, the Group has paid the partner accrued investment income by exercising a put option on 19.9% shares of VPC with a simultaneous sale of the same stake back to Sberbank Investments LLC.