Norilsk Extends $140 Million Loan to Potanin Unit, Interfax Says

OAO GMK Norilsk Nickel, the world’s largest producer of the metal, extended a $140 million loan to billionaire Vladimir Potanin’s unit until the end of 2017, Interfax said, citing unidentified people.

The Rosa Khutor Olympic ski resort under development in the south of Russia by Potanin’s Interros Holding, got the loan, which was due to mature this year, in 2006 and 2008, the news service said.

Potanin held about 30 percent of Norilsk before its last share buyback at the end of 2011.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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