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UN RUSAL acquired the blocking shareholding in Norilsk Nickel
25.04.2008 14:16
UN RUSAL acquired the blocking shareholding in Norilsk Nickel

The United Company RUSAL controlled by Russian tycoon Oleg Deripaska has completed an acquisition of the blocking shareholding in Norilsk Nickel, a world leading nickel producer, from Mikhail Prokhorovs Onexim Group.
      
      The cost of the deal is held confidential, but it has become known that Mikhail Prokhorov was paid for his share in Norilsk Nickel and also received 14% in UN RUSAL. Earlier it was reported that Prokhorov would acquire only 11% of shares.
      Mikhail Prokhorov sold his stake in Norilsk Nickel in order to split business with Vladimir Potanin. Inititaly Prokhorovs stake was supposed to pass to Potanin, but the parties failed to agree upon the price.
      


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