13:05 GMT +320 February 2018
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    Rusal calls for management changes at Norilsk Nickel, offers buyout

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    The world's top aluminum company Rusal will call for a change in the management of Russia's top nickel producer, Norilsk Nickel, including the removal of General Director Vladimir Strzhalkovsky, Rusal's core owner Oleg Deripaska said on Friday.

    The world's top aluminum company Rusal will call for a change in the management of Russia's top nickel producer, Norilsk Nickel, including the removal of General Director Vladimir Strzhalkovsky, Rusal's core owner Oleg Deripaska said on Friday.

    Rusal holds a 25% stake in Norilsk Nickel.

    Deripaska accused Norilsk Nickel's management of breaking agreements reached in 2008, in particular relating to corporate governance. He said the company failed to provide information to its board of directors and lacked transparency in its deals with its subsidiaries.

    Norilsk Nickel said on Tuesday it had asked its shareholders on July 27 to allow the publication of its 2010 annual general meeting ballots on its corporate website, to address claims about the election of the board of directors.

    RusAL is ready to buy billionaire Vladimir Potanin's stake in Norilsk Nickel, Deripaska said on Friday.

    "If things are bad at (Potanin's investment arm) Interros, we are ready to buy the Norilsk Nickel stake from them together with its partners," Deripaska said.

     

    MOSCOW, July 30 (RIA Novosti)

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