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Africa
Sanctions against Eurochem's Russian shareholder disrupt Helios's sale of Solevo

Andrey Melnichenko, majority shareholder of Eurochem.
Andrey Melnichenko, majority shareholder of Eurochem. © Maxim Shipenkov/EPA/Newscom/MaxPPP
The European Union's decision on 9 March to blacklist the oligarch Andrey Melnichenko, who holds a majority stake in Eurochem, is likely to disrupt Helios's plans. The fund had been counting on the Russian-Swiss fertiliser giant to raise the stakes on Solevo against OCP. [...]
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