Official says Norilsk Nickel can hold IPO of Bystrinsky after ‘20

MOSCOW, Nov 20 (PRIME) -- Russian metals producer Norilsk Nickel does not rule out holding an initial public offering (IPO) of the Bystrinsky GOK ore-dressing plant project after 2020, CFO Sergei Malyshev told reporters on Wednesday on the sidelines of the Russia Calling! investment forum.

“IPO is one of the market tools for this project. A decision by shareholders whether to hold or not to hold the placement must be made. We also must decide when. Now it is connected with the attainment of the design capacity of this asset to make it more attractive,” Malyshev said.

He said that the plant is scheduled to attain the target capacity in 2020.

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