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Reuters reported that Mikhail Prokhorov, a Russian metals investor, backed Norilsk’s offer to buy a 20 per cent share of RUSAL.
Reuters reported that Mikhail Prokhorov, a Russian metals investor, backed Norilsk Nickel’s (LON:MNOD) offer to buy a 20 per cent share of RUSAL.
The market news is quoted as saying:
The market has been looking for a sale of RUSAL’s stake to end a long-running shareholder feud at the world’s top producer of nickel and palladium.