Prokhorov Backs Norilsk Stake Sale

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.

To read the full market news, click here.