|Traded as||MCX: PHOR|
|Sven Ombudstvedt,(Chairman) |
Andrey A. Guryev, (CEO)
|Revenue||$3.11 billion (2017)|
|$919 million (2016)|
|$893 million (2016)|
|Total assets||$3.42 billion (2016)|
|Total equity||$1.32 billion (2016)|
Number of employees
PhosAgro is a Russian chemical holding company producing fertilizer, phosphates and feed phosphates. The company is based in Moscow, Russia, and its subsidiaries include Apatit, a company based in the Murmansk Region and engaged in the extraction of apatite rock.
Phosagro is one of the world’s leading producers of phosphate-based fertilisers. The Company is Europe’s largest producer of phosphate-based fertilisers, the world’s largest producer of high-grade phosphate rock and the world’s second largest producer (excluding China) of MAP and DAP (according to Fertecon), Russia’s only producer of feed monocalcium phosphate (MCP), and also the sole producer of nepheline concentrate in Russia.
PhosAgro has been ranked as among the 17th best of 92 oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic.
First owner of group's assets was Menatep of famous Russian billionaire Mikhail Khodorkovsky. The firesale of assets to current owners happened after court litigation against Yukos. The owners also disputed the court decisions for fines on tax avoidance. This was the first case in history of Russian court system, when the state paid compensation to the accused company. In 2011, Andrey Guryev owned 71% of PhosAgro.
- Cherepovetsky Azot
- BMU (Balakovskyie Mineralnyie Udobrenia)
In June 2017, Igor Sychev, a former head of tax department of Phosagro, presented to the London High Court of Justice a claim against Phosagro. In his claim he demands 1% of the company’s shares or their value in money (approximately $55 million, and also $8 million in cash as his remuneration for having previously defended PhosAgro interests in court).
Following Sychev's statement, this conflict started after he didn't receive the agreed remuneration for defending of mentioned Phosagro interests in court. This was dispute of previous court decisions for fines on tax avoidance and the first case in history of Russian court system, when the state paid compensation to the accused company.
The defendants in the London court case are Andrey Guryev, PhosAgro vice president of the Board of directors, and another member of the board Igor Antoshin, together with some offshore companies based in Seychelles and Belize.
The London judge has given permission to open proceedings against the defendants.
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