The Board of Directors of Norilsk Nickel approved the sale of its stake in “inter RAO”


Moscow. December 3. The Board of Directors of Norilsk Nickel at a meeting on 2 December approved the termination of participation in JSC “inter RAO” and the transaction on alienation of shares of the company, is spoken in the message of MMC.

The decision was taken unanimously.

According to the latest data “inter RAO” Norilsk Nickel 10% of the shares of the energy holding. Part of the package sold by the “Norilsk Nickel” in the market, said in September the Chairman of the Board of the energy holding Boris Kovalchuk. Still not ruled out the placement of this stake to a strategic or portfolio investors.

“Norilsk Nickel” received 11% of shares of “inter RAO UES” during the exchange of 83% of shares in OGK-3 in the beginning of 2011. For sale the package was exhibited in 2013, when “Norilsk Nickel” has adopted a new strategy to exit non-core assets. The sale was prevented by the fall in the value of the shares of the energy holding.

The Board of Directors of Norilsk Nickel has already reviewed a similar issue April 30, 2015, without revealing the outcome of the hearing.

All other electricity assets, which “Norilsk Nickel” in liquidation “RAO UES of Russia” (small packets in “FGC UES”, “RusHydro”, “IDGC of North-West”, “E. on Russia”, etc.), Norilsk Nickel was sold in late 2013.