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United Company Rusal Plc Tells Norilsk Minorities to Demand Buyback Finish
Feb. 21, 2011 04:39PM PST
Base Metals Investing Reuters Africa reports that on Monday, United Company Rusal Plc (HKG:0486) has withdrawn its earlier objection to Norilsk Nickel’s (LON:MNOD) plan to buy back common shares.
Reuters Africa reports that on Monday, United Company Rusal Plc (HKG:0486) has withdrawn its earlier objection to Norilsk Nickel’s (LON:MNOD) plan to buy back common shares.
The market news is quoted as saying:
“We recommend that the minority shareholders demand from (Norilsk unit) Corbiere the immediate completion of the buyback given RUSAL’s official position of no objection and a proffered undertaking not to pursue a claim in this regard,” RUSAL said in a statement.