The management of EuroChem Group met with bankers.
Russia is having its busiest year for IPOs in a decade.
Photographer: Andrey Melnichenko.
People familiar with the matter say that EuroChem Group AG is considering an initial public offering.
Three people who asked not to be identified because the information is private, said that the company, which is one of the world's largest producers offertilizer, has held preliminary discussions with potential advisers about listing as soon as next year. The people said that EuroChem hasn't made a final decision about a share sale.
When contacted by the company's spokesman, he declined to comment.
EuroChem posted record earnings in the first half of this year, thanks to soaring prices for nitrogen fertilizers as an energy crunch in Europe drove up the cost of natural gas. EuroChem has operations in Russia and Europe and makes all three of the main types of fertilizers.
Russian companies have raised more than $3 billion in IPOs in the last decade, according to data compiled by Bloomberg.
There is no comment from the EuroChem spokesman.
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