Deals
Rusal Rejects Potanin’s $9 Billion Offer for Norilsk
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United Co. Rusal, the world’s largest aluminum company, rebuffed a $9 billion offer from billionaire Vladimir Potanin to buy its stake in Russia’s OAO GMK Norilsk Nickel.
Rusal’s investment “is not for sale at any price and is viewed as a critical component of Rusal’s future strategy of diversification,” said Nathaniel Rothschild, chairman of EN+ Group, billionaire Oleg Deripaska’s investment company which controls Rusal. Potanin’s offer “is derisory,” Rothschild said today in an e-mailed statement.