Deals
Rusal Has $15 Billion Norilsk Stake, Rothschild Says
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United Co. Rusal’s stake in OAO GMK Norilsk Nickel is worth at least $15 billion, said Nathaniel Rothschild, chairman of the holding company for billionaire Oleg Deripaska’s Rusal shares. That’s $3 billion more than Norilsk bid for the stake last week.
The 25 percent of Norilsk that’s held by Rusal is worth “conservatively $15 billion, and arguably a great deal more,” Rothschild, chairman of EN+ Group, said in an e-mail.