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Norilsk Rivals Seek to Buy Each Other Out Amid Feud

Russian billionaires Vladimir Potanin and Oleg Deripaska, locked in a dispute over control of the world’s biggest nickel supplier, OAO GMK Norilsk Nickel, offered to buy each other out as their feud reaches stalemate.

Potanin’s Interros Holding Co., which gained more influence over Norilsk after a June 28 board election, is interested in raising its stake, spokesman Andrei Kirpichnikov said today by phone from Moscow. That follows Deripaska’s July 30 offer to buy out Potanin’s shares and install new management at Norilsk, Russia’s biggest mining company.