Crispian has no plans to sell more Norilsk Nickel shares for now

MOSCOW, Mar 14 (PRIME) -- Crispian Investments, owned by tycoon Roman Abramovich and his partners, has no plans to sell more shares in Russian metals giant Norilsk Nickel, Crispian’s co-owner Alexander Abramov told PRIME on Thursday on the sidelines of the Russian Business Week.

On Tuesday, a financial market source told PRIME that Crispian offered a 1.7% stake in Norilsk Nickel for about U.S. $560 million, or about 13,450 rubles per share. The results of the deal will be known on Friday.

“We’ve decided to sell the shares as the price was good. We don’t plan to sell more shares in the future. If the price changes drastically, we may even start buying the shares. This is business,” Abramov said.

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