Norilsk Nickel $4.5bn buyback plan may further inflame 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.

To access the full editorial, click here.