Russian tycoons face off at Norilsk meeting

Base Metals Investing

Bloomberg.com reports that Norlisk shareholders, in a vote on Thursday, effectively blocking Vladimir Potanin and his challenger Oleg Deripaska  from controlling Norlisk. Both men have been accused of trying to use Norlisk for their own ambitions. The story is quoted as saying: Both men have spent the past months courting minority investors, who own a […]

Bloomberg.com reports that Norlisk shareholders, in a vote on Thursday, effectively blocking Vladimir Potanin and his challenger Oleg Deripaska  from controlling Norlisk. Both men have been accused of trying to use Norlisk for their own ambitions.

The story is quoted as saying:

Both men have spent the past months courting minority investors, who own a total of 37.5 percent of shares, in a hope to gain their support in Thursday’s vote, which came during an extraordinary shareholders meeting called by Deripaska.

Click here for the full story.

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