Verkhnekamsk Potash Company

History

2025: Akron paid 9.2 billion rubles and became the 100% owner of Verkhnekamsk Potash Company

The Akron Group has completed the consolidation of 100% of the shares of the Verkhnekamsk Potash Company (VKK), which is implementing the project for the construction of the Talitsky Mining and Processing Plant. The amount of the transaction concluded in the third quarter of 2025 to buy out the final package of 10% amounted to 9.2 billion rubles.

In 2024, Akron applied call options - special agreements that give the right to buy shares at a predetermined price - and acquired 40% of VKK from banks for 34.6 billion rubles. As of the end of 2023, Akron owned 50% plus one VKK share. The remaining shares were distributed between Sberbank (29.9%), VTB (10%) and Otkritie Bank (10.1%). In May 2024, an additional 10% stake was purchased, which increased the share to over 90%.

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Фото: Freepik

Chairman of the Board of Directors of Akron Alexander Popov said that the construction of Talitsky GOK continues in accordance with the established deadlines. The first products are planned to be obtained in 2026. According to Popov, the presence of its own potash raw materials will reduce the cost of producing complex mineral fertilizers.

According to Finmarket, a license for the development of the Talitsky section of the Verkhnekamsk deposit of salts containing potassium and magnesium was obtained by VKK in 2008. The project implementation was repeatedly postponed due to the unfavorable situation in the potassium chloride market and problems with obtaining the necessary funding.

The design capacity of the first stage of Talitsky GOK is planned at the level of 2 million tons of potassium chloride annually. In the future, it is planned to increase it to 2.6 million tons. Akron's internal needs for potash raw materials, according to Finmarket, are estimated at 600 thousand tons per year. The total amount of capital investments required to complete construction and reach capacity of 2 million tons was estimated in 2023 at $1.2 billion.^[1][2]

2006

In 2006, the Akron Group established the mining company JSC VKK with the aim of developing the Talitsky site at the Verkhnekamskoye deposit of potassium-magnesium salts with the subsequent implementation of a project to create a potash raw material base in the Perm Territory.

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