| Title: | INTERFAX RUSSIA & CIS PRECIOUS METALS AND GEMS WEEKLY |
| Price: | $72.00 |
| Publication Date: | Apr 25, 2008 |
| Source: | INTERFAX WEEKLY REPORTS |
| Author: | INTERFAX NEWS AGENCY |
| Brief Excerpt: | ...MOSCOW. (Interfax) - United Company RU- SAL has finalized the purchase of ##% plus one share in MMC Norilsk Nickel from Mikhail Prok- horov's Onexim Group, UC RUSAL said in a statement. As part of the deal, UC RUSAL has nominated four candidates for seats on the Norilsk Nickel board of directors. The candidates are: Viktor Vekselberg, chairman of the UC RUSAL board of directors; Oleg Deripaska, a co-owner of UC RUSAL and owner of Basic Element; Alexander Bulygin, CEO of UC RU- SAL; and Tye Burt, general director of Kinross Gold, who is being nominated as an independent director. Norilsk Nickel shareholders will discuss the election of the UC RUSAL candidates to the board of direc- tors at their annual general meeting in June. Prokhorov received cash and ##% of the shares in UC RUSAL instead of th e initially planned ##% as part of the deal. The parties have not disclosed the financial components of the deal. However, it was reported earlier that Prokhorov would receive... |
| Length: | 7 Pages
(6 Billable Pages)
|
| Geographic Regions: | EASTERN EUROPE, EUROPE, RUSSIAN FEDERATION |
| Industries: | METALS, MINING & MINERAL RESOURCES |
| Non-Billable Page Numbers: | 1 |
| Format: | 
Adobe Acrobat
|
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