Deals
Abramovich Said Seeking to Buy 6.9% in Norilsk Amid Fight
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Oleg Deripaska is urging billionaire Roman Abramovich to buy about a 6.9 percent stake in OAO GMK Norilsk Nickel as shareholders feud over the Russian company’s management, according to three people familiar with the matter.
Deripaska’s United Co. Rusal, with a quarter of Norilsk, is seeking to persuade Abramovich to buy treasury stock, said the people, who declined to be identified as talks are preliminary. The stake is currently worth about $2 billion. Abramovich may later raise his share to 10 percent, Kommersant said earlier.