MMC Norilsk Nickel is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River, in northern Russia. It also has holdings near the Kola Peninsula at Nikel, Zapolyarny, and Monchegorsk; in western Finland at Harjavalta; in southern Africa in Botswana and South Africa; and in western Australia. MMC stands for "Mining and Metallurgical Company".
Norilsk Nickel is headquartered in Moscow and is the world's leading producer of nickel and palladium. It is ranked among the top ten copper producers.
The company is listed on MICEX-RTS. The key shareholders are Vladimir Potanin's Interros and Oleg Deripaska's Rusal: each reportedly owns over 25% of shares. In December 2010, Norilsk offered to buy out Rusal's share for US$12 billion, but the offer was declined.
Dividend yield on the Russian market remains one of the highest among the developing countries and is 6%, if the sample is included in the sample from the RTS index. What papers should I pay attention to?
The situation of "Rusal" will worsen if the US does not remove sanctions from the company until the end of the summer.
The largest shareholder of Norilsk Nickel explained that if he had combined the packages with other co-owners, they would have saved: the tax on dividends is not paid when holding more than 50%. But the partners refused.
UC Rusal accused Vladimir Potanin of collusion with Roman Abramovich when agreeing on the terms of the purchase of 4% of Norilsk Nickel, and an additional incentive was a deal on the Baim deposit. Potanin denies all this.
Oleg Deripaska's company due to US sanctions will not participate in the "Russian Roulette" with Vladimir Potanin for the shares of Norilsk Nickel. Now this will not correspond to the interests of shareholders, the board of directors of the aluminum company decided.
UC Rusal will make a decision about this until the end of April.
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Oleg Deripaska, whose companies are burdened with debts, and Vladimir Potanin, who launched several large investment projects, agreed to buy out 4% of Norilsk Nickel from Roman Abramovich. The amount of the transaction can be about 1.5 billion dollars. But the conflict between billionaires is far from over.
But Oleg Deripaska can still deploy the deal.
MMC Norilsk Nickel doubled its debt load for 2017. This should lead to a reduction in dividends, the increase of which requires the debt-bound Oleg Deripaska.
The list of richest people in Russia, according to Forbes magazine, was replaced by the leader. He became the owner of a controlling stake in the Novolipetsk Metallurgical Combine (NLMK) Vladimir Lisin. His state of the publication was estimated at 19.1 billion dollars.
Vladimir Potanin proposes to pay 1.5 billion dollars a year, and the entangled debt of Deripaska requires 2.5 billion dollars.
The company can buy a majority stake in the Baim copper project, which is also interested in Norilsk Nickel.
Entangled scandalous businessman will depart from the management of En + and "Rusal".
The former spouse of the head of Interros, Vladimir Potanin, claims 1 trillion rubles.
Norilsk Nickel may buy out a stake in Russian Platinum in a new joint venture.
He will be helped by the launch of gold production at the Bystrinsky GOK.
"Russian platinum" businessman Musa Bazhaev filed a new project in Rosnedra for the development of the Chernogorsk platinum-copper-nickel deposit.
In December the term of the agreement between the shareholders of Norilsk Nickel expires, after which it is possible to expect a new corporate conflict between the shareholders of the company.
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Perhaps now they will seek to sell the blocking stake in Norilsk Nickel.
The companies achieved such positions due to the "innovative premium", the difference between the capitalization and the discounted cash flow from the existing business.
The 1.79% stake was sold for $400 million.
This time, the object of litigation was the rights of beneficial ownership of the shares of Norilsk Nickel and Polyus Gold.
Investment group from the United Arab Emirates, close to the family of the Emir of Dubai, is preparing a proposal for the purchase of the BCL from Botswana, which "Norilsk Nickel" is suing for $271 million.
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