Articles Tagged "Norilsk Nickel"

Norilsk Nickel Write-off Hurts Rusal 2012 Earnings

Nickel – Marketwatch reported that United Co. Rusal PLC said it expected Norilsk Nickel’s 2012 year-end results to adversely impact its overall 2012 earnings. The company has a 27.8% stake in Norilsk Nickel, which posted a net profit of $2.1B, lower by 41% as a result of its $976M write-off.

Abramovich to Pay Potanin and Deripaska Directly for Norilsk Nickel Stake

Nickel – Reuters reported that in a revision to the deal originally laid out, Russian tycoon Roman Abramovich will pay the firms of Vladimir Potanin and Oleg Deripaska directly for his stake in Norilsk Nickel (MCX:GMKN). Analysts have said that means the money won't go to minority investors and that Norilsk will likely have to borrow money in order to increase dividends as it has promised.