Norilsk Rises as Shareholders May Seek to Cancel Shares
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OAO Norilsk Nickel rose to the highest in more than a week after Vladimir Potanin, a shareholder in the miner, signaled the company may cancel some of its undistributed stock held offshore by the end of this year.
Norilsk, the world’s largest producer of nickel and palladium, rose 1.2 percent to 4,924 rubles, the highest close since May 22, paring its monthly loss to 5.3 percent.