Glencore Bid for Norilsk Stake Sold to Trafigura, Deripaska Says

Market News

Bloomberg.com reports that Glencore International AG had tried to buy a stake in Norilsk Nickel prior to it’s sale to Trafigura Beheer BV.

Bloomberg.com reports that Glencore International AG had tried to buy a stake in Norilsk Nickel prior to it’s sale to Trafigura Beheer BV.

The story is quoted as saying:

 Marc Ocskay,a Glencore spokesman in Baar, Switzerland, declined to comment. The trader owns about 9 percent of United Co. Rusal, the world’s largest aluminum producer, founded and led by Deripaska, and handled 31 percent of Rusal’s sales, according to the Russian metal company’s annual report

To access the full story, click here

The Conversation (0)
×