Norilsk Nickel’s Buyback Plan May Disadvantage Minorities

Bloomberg.com reports that Norilsk Nickel’s shareholder buyback plan may place minorities at a disadvantage.

The story is quoted as saying:

The proposed share repurchase may result in management and Potanin’s Interros Holding Co. consolidating “just less than 50 percent of the voting interest in Norilsk and effective control without the payment of a customary control premium or the right for minority shareholders to exit at a fair price,”

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