The Conversation (0)
Reuters reported Norilsk Nickel’s (LSE:MNOD) owners have resumed talks to settle their dispute may possibly hand over control to Vladimir Potanin.
Reuters reported Norilsk Nickel’s (LSE:MNOD) owners have resumed talks to settle their dispute may possibly hand over control to Vladimir Potanin.
As quoted in the market news:
The four-year dispute between two of Russia’s richest men – Potanin and Oleg Deripaska – is one of the country’s longest-running corporate sagas, helping to cement its image as a place where it is difficult to do business.
A refusal by Deripaska’s RUSAL to sell its 25 percent stake in the Arctic miner has escalated into a row about board control and payments to shareholders that have drained cash from Norilsk, valued at almost $30 billion.