Rusal to Appeal Court Decision on Norilsk Case

Platts reported that Rusal will appeal the Nevis court’s decision to hand out an injunction on the disposal of Norilsk Nickel shares held by Nickel’s subsidiaries.

The market news is quoted as saying:

Rusal holds a 25% stake in Norilsk, which is a Russian producer of platinum group metals and nickel. To protect its interest in the company, it has sought in various courts that Norilsk’s two subsidiaries, Corbiere and Raleigh, retrain from transferring or disposing of shares.

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