Report: Potanin ready to mull merger of Norilsk Nickel, RUSAL - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Potanin ready to mull merger of Norilsk Nickel, RUSAL

MOSCOW, Jul 5 (PRIME) -- Vladimir Potanin, one of the core owners of Russian metals company Norilsk Nickel, is ready to discuss a merger with aluminum producer UC RUSAL, he said in an interview with RBC television channel on Tuesday.

УWe have reconsidered (the idea to merge with RUSAL). And today I have sent a letter to confirm our consent to start negotiations on a merger with UC RUSAL,Ф he said.

Potanin said new factors have emerged for such a decision, including the sustainability agenda.

УPlus, there is the necessity of diversifying the shareholder composition, and of acquiring additional resistance to sanctions. To receive state aid for the projects if necessary. All these has forced us to return to RUSALТs proposal,Ф he said.

End

05.07.2022 10:35
 
 
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