20 AUGUST 2011bloomberg
Norilsk Nickel Offers to Acquire 15% Stake Held by Rusal for $8.75 Billion
Edited by : AL CIRCLE
1 min read
OAO GMK Norilsk Nickel offered to buy back a 15 percent stake held by United Co. Rusal for $8.75 billion as billionaires Vladimir Potanin and Oleg Deripaska battle for control of the world’s largest nickel producer.
The offer to 25 percent-shareholder Rusal amounts to $306 a share, a 20 percent premium to the six-month average, Moscow- based Norilsk said in a statement posted today on its website.
The offer to 25 percent-shareholder Rusal amounts to $306 a share, a 20 percent premium to the six-month average, Moscow- based Norilsk said in a statement posted today on its website.
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