The owner of En + and Rusal, Oleg Deripaska, who is already fighting for the third time with Vladimir Potanin for control of MMC Norilsk Nickel and its dividends, can personally join the company's board of directors. In 2010, a similar move by Mr. Deripaska was preceded by an aggravation of the joint-stock conflict in Norilsk Nickel. Experts believe that this time the presence of a businessman in the council will increase the intensity of the disputes between the parties, already involved in the trial in London.
The main owner of En + Group and "Rusal" Oleg Deripaska is nominated for the new board of directors of MMC Norilsk Nickel (Rusal owns 27.8% of the shares), sources told Kommersant, who are familiar with the situation. According to them, the board of directors of MMC will consider the list of new candidates on April 5 to approve their candidatures for voting at the annual shareholders' meeting in June. The inclusion of Oleg Deripaska is the only significant change, Kommersant sources insist. In Norilsk Nickel, Rusal, Interros, Vladimir Potanin (owns 32.9% of MMC) and Millhouse Roman Abramovich (4.2% of MMC together with Alexander Abramov) did not comment on the situation, En + was not answered by Kommersant.
Now there are no owners of the company-shareholders in the board of directors of Norilsk Nickel, Interros and Rusal are represented in it by top management. At the same time, Oleg Deripaska was a member of the MMC board twice - for a short period in 2008, when Rusal bought 25% of Norilsk Nickel from Mikhail Prokhorov, and from 2010 to 2013. The second period was accompanied by the second conflict between "Rusal" and "Interros".
In April 2010, Rusal nominated Mr. Deripaska to the Board of Directors of Norilsk Nickel, which could violate the oral agreements of MMC's majority shareholders.
At the end of 2008, Vladimir Potanin stated: "We believe that the main shareholders should not manage the company, and we will not enter the new board of directors: neither I, nor Deripaska, nor Vekselberg (Viktor Vekselberg, co-owner of" Rusal ".-" b "), Nor Prokhorov." Oleg Deripaska in 2010 recalled his great experience in the metallurgical and mining business and stated: "I think I can shake up a little any organization." At the same time, he noted that he personally will have more time to actively participate in the management of Norilsk Nickel after the first deputy CEO of RusAl, the head of En +, Vladislav Soloviev, came to the office. In 2010, both Interros and Norilsk Nickel repeatedly offered to buy shares of MMC for RusAl for up to $ 12.8 billion, but they invariably received a refusal from Oleg Deripaska. For such a transaction, minority shareholders of Rusal - Sual Partners Victor Vekselberg and Leonard Blavatnik and ONEXIM Mikhail Prokhorov (came out of the "Rusal" in February).
Now there is a similar situation. In March, Mr. Deripaska left the posts of President En + and "Rusal", remaining on the boards of directors of companies. As the president of En +, he was succeeded by Maxim Sokov, who oversees the investment of Rusal in Norilsk Nickel, and Vladislav Soloviev became president of RusAl. One of the sources at Kommersant then said that Oleg Deripaska wants to compete for the post of MMC president with Vladimir Potanin.
Shareholders of Norilsk Nickel were reconciled at the end of 2012 by Roman Abramovich, who bought together with Alexander Abramov a treasury stake in MMC (with subsequent deals, the share of partners in 2016 was 6.3%). In the reconciliation of Messrs. Potanin and Deripaska, the ex-head of the administration of Boris Yeltsin Valentin Yumashev and the head of the Savings Bank German Gref also participated. Lord Abramovich, Deripaska and Potanin then entered into a shareholder agreement for ten years, divided into two stages. Restrictions on the entry of businessmen into the Board of Directors of Norilsk Nickel in the agreement are not present, say sources of Kommersant, but so far they have not used this right.
In February, it became known that Roman Abramovich sells 4% of Norilsk Nickel (2.1% already bought Interros) and in the future can completely withdraw from the capital of MMC. This, according to "Rusal", contradicts the essence of the shareholder agreement, which implies the sale of only an equivalent to the influence of a third party, which would allow to maintain a balance of interests between "Rusal" and "Interros". Interros insists that there are no such restrictions in the agreement. The parties argue about this in the High Court of London. Rusal has already said that on April 30 it will request approval of shareholders for a mandate to the board of directors for a "duel" with Interros, which may lead to the buy-out of one party's shares of another. "Rusal" was ready to spend on the purchase of Interros stake in MMC to $ 15.39 billion (then it was 30.3%), the sale of its stake could bring Rusal from $ 10.62 billion to $ 14 billion. It is planned to attract money for equity and debt financing.