34. Significant subsidiaries
Back to the list| Subsidiary | Country of incorporation | 31 December 2012 Effective ownership (rounded) |
31 December 2011 Effective ownership (rounded) |
|---|---|---|---|
| Apatit, OJSC | Russia | 78% | 58% |
| PhosAgro-Cherepovets, OJSC | Russia | 88% | — |
| Ammophos, OJSC | Russia | — | 94% |
| Cherepovetsky Azot, JSC | Russia | — | 69% |
| Balakovo Mineral Fertilizers, LLC | Russia | 100% | 100% |
| Metachem, LLC | Russia | 75% | 24% |
| NIUIF, OJSC | Russia | 94% | 94% |
| PhosAgro AG, CJSC | Russia | 100% | 100% |
| Agro-Cherepovets, CJSC | Russia | 100% | 100% |
| PhosAgro-Region, LLC | Russia | 100% | 100% |
| PhosAgro-Trans, LLC | Russia | 100% | 100% |
| Region-Agro-Belgorod, LLC | Russia | 100% | 100% |
| Region-Agro-Don, LLC | Russia | 100% | 100% |
| Region-Agro-Kuban, LLC | Russia | 100% | 100% |
| Region-Agro-Kursk, LLC | Russia | 100% | 100% |
| Region-Agro-Lipetsk, LLC | Russia | 75% | 75% |
| Region-Agro-Oryol, LLC | Russia | 100% | 100% |
| Region-Agro-Stavropol, LLC | Russia | 100% | 100% |
| Region-Agro-Volga, LLC | Russia | 87% | 87% |
| Trading house PhosAgro, LLC | Russia | 100% | 100% |
(a) Consolidation of OJSC “Apatit”
As at 31 December 2011, the Group held 50% of ordinary and 80.28% of preferred shares in OJSC “Apatit”. The remaining ordinary and preferred shares were widely held. In accordance with the charter of OJSC “Apatit”, under certain circumstances, holders of preferred shares are entitled to vote in the meetings of the shareholders. As at 31 December 2011, the preferred shares were voting. Management believes that the existing shareholding allowed the Group to exercise control over OJSC “Apatit”. As at 31 December 2012, the the preferred shares were voting.
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