Oct. 12 (Bloomberg) -- OAO GMK Norilsk Nickel, Russia’s largest mining company, plans to press ahead with a share buyback even after the Federal Anti-Monopoly Service said the program may require state approval.
The buyback, which began Sept. 28, doesn’t breach the Law on Foreign Investment, Norilsk said today in a website statement after receiving a letter from the antitrust agency. The regulator hasn’t banned the company from accepting offers from shareholders tendering their stock, it said.
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