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June 18, 2008
K+S Group:
MCC increases financial stake in K+S
Today (18 June 2008) MCC Holding Limited, Cyprus announced that it has increased its stake in K+S Aktiengesellschaft, Kassel from 7.28% to 10.43%. MCC is a subsidiary of Linea Ltd., which manages the industrial shareholdings of Andrej Melnichenko on a fiduciary basis. In September 2007, Linea acquired a stake in K+S and at the start of this year transferred its 7.28% shareholding to MCC. K+S regards this step as evidence of MCC's confidence in the earnings capacity and growth prospects of the K+S Group.
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