"Interros" sells Noricel about 2% of its shares

Norilsk Nickel (Interros Holding, Vladimir Potanin Holding) as the chief shareholder sells its shares. At a meeting on June 28, the Board of Directors of the GMC will consider the sale of about 2% of the shares. According to the Prime Republic of Interros, it has long been going to sell these shares.

Given the instability of the financial market, Interros strongly recommends that the Board of Directors of the GMC deeply study the issue of buying about 2% of Norilsk Nickel shares in the market.

Therefore, in order to increase the capitalization of the GMC, it is proposed to reduce the authorized capital of Norilsk Nickel by acquiring 10% of the shares. This is possible only with the help of the procedure for eliminating a subsidiary, which owns shares, and then extinguish this package until the end of this year. And also enter the SRO. This is a good solution that will help to avoid large financial costs at the initial stages of the process. In order to facilitate entry into the SRO, you need to get the receipt admission of an installment time or receive a loan for payment.

Norilsk Nickel-created as a diversified mining and metallurgical company. This is the largest manufacturer of Palladium and Nickel in the world market, the leading manufacturer, cobalt, platinum, rhodium and copper. Norilsk Nickel also produces gold, iridium, silver, selenium, osmius, tellur and ruthenium. The Norilsk Nickel units are located not only in the Norilsk district, but also on the Kola Peninsula, in Finland, Botswana, Australia and South Africa.

According to last year, Norilsk Nickel reduced the production of nickel to 0.8% (compared to 2010 - 295.1 thousand tons), and reduced copper production to 2.8% (377.9 thousand tons).
The main shareholders of the GMC are still HC Interros Potanin (it owns approximately 28% of the shares of the GMC) and OK Rusal oleg Deripaska (the owner of the blocking package).