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Reuters Africa reports Russian state bank VTB (MCX:VTBR) sold all its shares in Norilsk Nickel (LON:MNOD) in the miner’s $3.5 billion buyback.
Reuters Africa reports Russian state bank VTB (MCX:VTBR) sold all its shares in Norilsk Nickel (LON:MNOD) in the miner’s $3.5 billion buyback.
The market news is quoted as saying:
Norilsk’s main owner, businessman Vladimir Potanin’s Interros group, last year refinanced a VTB loan secured by 13 percent of Norilsk Nickel with a $2 billion loan from top state bank Sberbank.
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