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Millhouse of Abramovich to Acquire Only 5.87% in Norilsk Nickel

12 December 2012

Interros and UC Rusal, as well as Millhouse Capital belonging to Roman Abramovich signed an agreement on management of Norilsk Nickel as its major shareholders. As compared to the preliminary version of the agreement, Abramovich’s stake in Norilsk Nickel has decreased, and Millhouse’s membership on the Board of Directors of the complex ore company has lessened as well.

Reduction of the Millhouse stake will not impact the essence of the deal: a third party is joining the management of Norilsk Nickel as an arbitrator and moderator of the relations between the major shareholders, underlines Reuters.

 

 

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