Bloomberg News

Norilsk Nickel Approves Rusal’s Request to Vote for New Board

August 11, 2010

OAO GMK Norilsk Nickel (GMKN) directors approved a request by shareholder United Co. Rusal (486) for an extraordinary general meeting to vote on a new board.

The EGM will take place on Oct. 21, the Moscow-based miner of nickel, copper and palladium said today in a statement on its website. Billionaire Vladimir Potanin’s Interros Holding Co., which is locked in a battle for control of Norilsk with Rusal, voted in favor of the meeting, an Interros official said.

Interros and billionaire Oleg Deripaska’s Rusal own 25 percent each of the world’s biggest nickel supplier and disagree on dividend payments and investment plans. Rusal said today it filed a request for arbitration over the dispute in London.

To contact the reporter on this story: Yuriy Humber in Moscow at yhumber@bloomberg.net

To contact the editor responsible for this story: Amanda Jordan in London at ajordan11@bloomberg.net


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