Nakhodka Fertilizer Plant attracted a couple of interesting investors

VTB Bank and VEB acquired one share of the Nakhodka Fertilizer Plant (NFP, Primorsky region). They bought out two shares of the enterprise in September last year at 1 rub ($0,014). Thus, each of them received 0.001% of shares in the authorized capital of NFP.

The main owner of NFP is Chemproject (Moscow), in the authorized capital of which VTB Bank and VEB acquired 9% each at the end of 2020. The Far East and Arctic Development Fund became the owner of another 2% of the authorized capital of NFP.

VTB Bank should provide financing for the construction project of NFP of 71.2 billion rubles (about $988 million) and VEB 91.8 billion rubles (about $1.3 billion). The loan agreement was signed in 2020 for up to 15 years.

In 2026, NFP plans to start the production of ammonia.

Source: Interfax