Bloomberg News

Eurochem Denies Report of Plans to Acquire Russia’s Severneft

October 05, 2011

Oct. 5 (Bloomberg) -- OAO Eurochem, Russia’s largest producer of nitrogen fertilizers, denied a report that it plans to acquire OOO Severneft, a natural-gas producer in the country’s Yamalo-Nenets region.

“We have never planned to, aren’t planning and will not buy this company,” Vladimir Torin, a spokesman for Eurochem in Moscow, said by telephone. Interfax reported earlier today that the company may buy Severneft, citing people it didn’t identify. Nitrogen fertilizers are produced from natural gas.

--Editors: Amanda Jordan, John Viljoen

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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