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Trading house Trafigura has little future as a shareholder in Russian group Norilsk (MCX:GMKN) but may become a partner in international projects.
Trading house Trafigura has little future as a shareholder in Russian group Norilsk (MCX:GMKN) but may become a partner in international projects.
The market news is quoted as saying,
Norilsk said last year Trafigura had bought an 8 percent stake in it at the height of a dispute between Potanin and aluminum giant RUSAL 0486.MM over control at Norilsk.
Trafigura founder Claude Dauphin later became a non-executive director at Norilsk. At first, it looked like a clash of the global trading titans on Russian soil, which holds some of the world’s richest natural resource reserves.
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