Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Russia's Abramovich buys Norilsk stake to end feud
Tuesday - 12/4/2012, 5:48am EST
MOSCOW (AP) - Russian tycoon Roman Abramovich will buy a stake in miner Norilsk Nickel to end a long-running feud between two fellow oligarchs.
Rusal, the aluminum producer owned by Oleg Deripaska, and Interros, an investment vehicle of Vladimir Potanin, said in a joint statement on Tuesday that they have resolved their 4-year feud over its cash flows by inviting Roman Abramovich in as a partner. Abramovich would buy 7 percent for an unspecified amount from Norilsk subsidiaries.
Deripaska owns 25 percent in Norilsk while Potanin holds 28 percent in the world's largest nickel producer. The two also agreed for Potanin to take over as chief executive, replacing Vladimir Strzhalkovsky whom Deripaska has strongly opposed.
Deripaska and Potanin would call an extraordinary shareholders' meeting to elect a new board.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)