Vladimir Potanin keen to buy 6.3% Norilsk Nickel stake from fellow oligarchs Abramovich and Abramov

By bne IntelliNews February 16, 2018

Russian oligarch Vladimir Potanin wants to buy the 6.3% stake in metal giant Norilsk Nickel held by fellow oligarchs Roman Abramovich and Alexander Abramov, Vedomosti reported on February 16. 

Potanin’s Interros, which owns 30.41% of Norilsk, made the offer to Crispian Investments Ltd, one of the companies through which Abramovich and Abramov own a their stake in Norilsk Nickel, which is worth an estimated $2bn. 

Potanin did not disclose the reasons for making the offer. But a subsidiary of aluminium giant UC Rusal controlled by Oleg Deripaska and the owner of 27.8% in Norilsk Nickel, filed a suit to a London court demanding suspension of the deal. Deripaska is Abramovich's protégé.

Presidential spokesman Dmitry Peskov told reporters on February 16 that the Kremlin will not interfere in disagreements between shareholders of metals giant Norilsk Nickel, but hopes they will not hurt its operations. 

 

Related Articles

Belgium threatens to block Ukraine reparations loan unless EU shares risks

Belgium has warned it will block a proposed reparations loan to Ukraine backed by frozen Russian assets unless other EU countries agree to share legal and financial risks, Belgian Prime Minister Bart ... more

Russia ready to cooperate with Iran on nuclear issues, says Peskov

Russia will continue to cooperate with Iran including in the field of “peaceful nuclear energy”, Kremlin spokesman Dmitry Peskov said on October 20, Vedomosti newspaper reported. ... ... more

South Africa probes locally made LightWare components found in Russian drones used in Ukraine

South African authorities have launched an investigation after electronic components manufactured domestically were discovered in Russian drones used in the war in Ukraine, officials confirmed this ... more

Dismiss