Russian potash miner Uralkali (URKA.RS) confirmed Friday it was in talks with Silvinit (SILV.RS) regarding a possible merger of the two companies.

Uralkali's board of directors has "so far not agreed to any terms of the potential transaction and there can be no certainty that any transaction involving Uralkali and Silvinit would take place," the company said in a statement.

-By Ira Iosebashvili, Dow Jones Newswires; +7 495 232 9195; ira.iosebashvili@dowjones.com

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