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first_imgThursday 3 March 2011 7:16 pm whatsapp KCS-content Share Rusal snubs Norilsk’s offer to buy a 20 per cent stake whatsapp THE board of Russian aluminium giant Rusal yesterday rejected Norilsk Nickel’s offer to buy out 20 per cent of its shares, RIA news agency said, quoting sources close to the Rusal board.Last month, Norilsk offered to buy 20 per cent of its shares from Rusal for $12.8bn, which would leave the aluminium giant – majority owned by tycoon Oleg Deripaska — with a five per cent stake. The deadline for the offer is 4 March.Norilsk Nickel and Rusal could not be reached for immediate comment.Rusal’s decision to keep the stake means that the marathon fight for control of Norilsk Nickel between tycoons Oleg Deripaska and Vladimir Potanin will continue.The next round is set for 11 March, when Norilsk Nickel will hold an EGM to elect a new board.Deripaska controls 25 per cent of the company through Rusal, while Potanin holds the same amount via his Interros investment group. Show Comments ▼ More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comColin Kaepernick to publish book on abolishing the policethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULLlast_img read more

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