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    market news

    Deripaska Stares Down Potanin

    Investing News Network
    Feb. 22, 2011 01:33PM PST
    Precious Metals Investing

    Bloomberg reported that RUSAL CEO Oleg Deripaska is maintaining his wealth while still owning a 25% stake in palladium producer Norilsk Nickel.

    Bloomberg reported that RUSAL CEO Oleg Deripaska is maintaining his wealth while still owning a 25% stake in palladium producer Norilsk Nickel.

    The market news is quoted as saying:

    The Norilsk stake has put Deripaska at the center of Russia’s biggest corporate battle as the mining giant tries to buy him out. In February, Norilsk offered Rusal $12.8 billion for 20 percent of the company to end a feud over its management.

    To read the full market news, click here.

    market newsrussianorilsk nickel
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