Norilsk Nickel $4.5bn buyback plan may further inflame RUSAL
Investing News Network - December 29th, 2010
Mineweb.com reports that it is likely that Norilsk Nickel’s current share buyback plan will just antagonize Rusal.
Mineweb.com reports that it is likely that Norilsk Nickel’s current share buyback plan will just antagonize Rusal.
The editorial is quoted as saying:
The move (buyback) will imply an intensification of the acute shareholder conflict — the shares will be kept as quasi-treasury and the management will be able to vote them,” Troika Dialog brokerage commented.