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Norilsk Nickel, Novatek, Polyus Gold, RusHydro May Move
Nov. 09, 2010 04:41AM PST
Base Metals Investing Bloomberg.com reports that there is anticipation today of lots of movement on the markets for several Russian companies, including Norlisk Nickel.
Bloomberg.com reports that there is anticipation today of lots of movement on the markets for several Russian companies, including Norlisk Nickel.
The story is quoted as saying:
OAO GMK Norilsk Nickel: (GMKN RX) The board of Russia’s largest miner postponed a decision on swapping a controlling stake in the OAO OGK-3 power generator for a minority stake in state-owned OAO Inter RAO UES until Nov. 22 because of “technical reasons.” The board decided that it is in Norilsk’s strategic interests to maintain and develop its own metals sales network, the company said yesterday on its website. Norilsk Nickel’s shares climbed 4.6 percent to 5,866.15 rubles on the Micex Stock Exchange.
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