"Rusal will not sell Norilsk Nickel shares

The company “Rusal“ refused to sell 15% of its 25% shares of MMK “Norilsk Nickel“. This decision did not surprise the experts after representatives of UC Rusal repeatedly stated that investments in GMK were strategic. In addition, the price of the last offer was lower than the initial one. Now the shareholders of "Norilsk Nickel“ will be asked to sell all their shares at a 30% premium to the market.

It is noteworthy that, despite rumors of controversy in the “Rusale“, the company announced unanimity in the board of directors regarding the decision to sell the stock “Nornickel“.

Recall that MMC Norilsk Nickel offered the aluminum company 8.75 billion. dollars for 15% of its shares (i.e., $306 per share). The profitability of the offer did not prevent “To Rusal“ for the fourth time to reject the proposal.