Switzerland: Shareholder Stake Euro Chem Buys Back 10 % Stake in Group from Midstream
The 10 % stake was sold by the Midstream Group for 785 million dollars. The Midstream Group is a holding company whose sole beneficiary is Dmitry Strezhnev, former Chief Executive Officer of the Euro Chem Group.
Zug/Switzerland – Euro Chem Group (Euro Chem or the Group), a leading global fertilizer company, has recently announced the buy-back of a 10 % stake in the Group from former Chief Executive Officer Dmitry Strezhnev.
The stake was sold by Midstream Group, a holding company whose sole beneficiary is Strezhnev, for the value of 785 million dollars. Strezhnev, who served as CEO and Board Member for more than 15 years, stepped down from the Board back in May after deciding to focus on other business ventures outside Euro Chem.
“I am grateful to Dmitry for his long service at Euro Chem. He has been instrumental in the successful development of the company into a global force in the fertilizer industry and we wish him every success in the future,” said Alexander Landia, Chairman of the Board of Euro Chem.