Norilsk Nickel’s subsidiary closes deal with Crispian to sell 0.79% of shares

NN-Invest, a wholly owned subsidiary of Norilsk Nickel (Nornickel), has sold the 0.79 percent of the stock that it held in its parent company, the Russian mining giant reported on December 15, 2016. NN-Invest’s interest in Nornickel changed to zero on December 13.

 

Nornickel told Interfax that the company technically concluded a deal that was announced in April, in which Crispian, an affiliate of Roman Abramovich’s Millhouse and the firm Invest AG of Evraz co-owners Alexander Abramov and Alexander Frolov, increased its stake in the miner from 5.5 percent to 6.3 percent. The deal was worth USD158 million.

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