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Rusal Chairman Said to Consider Plan to Sell Back Norilsk Stake
Sep. 20, 2011 01:54PM PST
Base Metals Investing Bloomberg reported United Co. Rusal (RTB:OKSA) is considering a plan to sell Rusal’s 25 percent stake in OAO GMK Norilsk Nickel (LON:MNOD) back.
Bloomberg reported United Co. Rusal (RTB:OKSA) is considering a plan to sell Rusal’s 25 percent stake in OAO GMK Norilsk Nickel (LON:MNOD) back.
The market news is quoted as saying,
Vekselberg is seeking to discuss with other Rusal owners a proposal that an offer of about $18 billion from Norilsk would guarantee a transaction, the people said, declining to be identified as the talks are private. Vekselberg has yet to gain support from Rusal’s largest single shareholder, Oleg Deripaska, and may not proceed with the plan, one of the people said.