Abramovich Takes 7-percent Stake in to End Norilsk Feud: Statement

  • Wednesday, December 5, 2012
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  • Keywords:Abramovich Norilsk
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Russian billionaire and Chelsea soccer club owner Roman Abramovich is acquiring a 7.3-percent stake in mining giant Norilsk Nickel to help end a long running shareholder dispute, a statement said on Tuesday.
 
Analysts said that Abramovich was moving into Norilsk Nickel's capital as a neutral referee to help end the bitter feud between fellow oligarchs Oleg Deripaska and Vladimir Potanin.
 
The Hong Kong-listed aluminium producer Rusal controlled by Deripaska said it had reached an agreement with Potanin's Interros over the management of Norilsk Nickel.
 
Source-The China Post
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