Deals
Potanin’s Offer to Buy Out Rusal May Mark End to Feud
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Russian billionaire Vladimir Potanin’s offer to buy United Co. Rusal’s stake in OAO GMK Norilsk Nickel for $9 billion is “the beginning of an end” to their shareholder feud, said UralSib Financial Corp.
“One of the two sides has to leave,” said Chris Weafer, chief strategist at the Moscow-based brokerage. “There is no other solution available. We have now clearly entered a more proactive phase in this conflict.”