Deals

Russia Could Gain Control of Metals Industry, Artemyev Says

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Russia would gain effective control of the proposed merger of OAO GMK Norilsk Nickel, Evraz Group SA and other metals producers should it acquire a minority stake, the head of the Federal Antimonopoly Service’s said.

The government “doesn’t have to have 50 percent” of the company to dictate operations, Igor Artemyev told reporters in Moscow today.